OneDigital Investment Advisors LLC Sells 173 Shares of Eversource Energy (NYSE:ES)

OneDigital Investment Advisors LLC trimmed its position in shares of Eversource Energy (NYSE:ES) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,436 shares of the utilities provider’s stock after selling 173 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Eversource Energy were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ES. Lynx Investment Advisory purchased a new stake in Eversource Energy in the second quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy during the 3rd quarter valued at $32,000. UMB Bank n.a. increased its stake in shares of Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 198 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in Eversource Energy during the 3rd quarter valued at about $48,000. Finally, Pathway Financial Advisers LLC bought a new stake in Eversource Energy during the first quarter worth about $43,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.6 %

ES stock opened at $61.67 on Wednesday. The business’s 50-day moving average price is $64.99 and its 200-day moving average price is $62.89. The stock has a market cap of $22.60 billion, a P/E ratio of -39.28, a PEG ratio of 2.47 and a beta of 0.61. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. On average, equities research analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.64%. Eversource Energy’s dividend payout ratio is currently -182.17%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ES shares. Barclays raised their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Mizuho lifted their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Morgan Stanley increased their target price on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus target price of $70.46.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.