Accurate Wealth Management LLC Purchases 5,919 Shares of Eversource Energy (NYSE:ES)

Accurate Wealth Management LLC boosted its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 159.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,627 shares of the utilities provider's stock after purchasing an additional 5,919 shares during the period. Accurate Wealth Management LLC's holdings in Eversource Energy were worth $536,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ES. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in Eversource Energy during the 3rd quarter worth about $32,000. UMB Bank n.a. increased its position in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 198 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after acquiring an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Eversource Energy during the third quarter worth approximately $48,000. Institutional investors own 79.99% of the company's stock.

Wall Street Analyst Weigh In

ES has been the subject of a number of research reports. Jefferies Financial Group assumed coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price target for the company. Scotiabank cut Eversource Energy from a "sector perform" rating to a "sector underperform" rating and lowered their target price for the company from $66.00 to $56.00 in a research note on Thursday, December 12th. Barclays boosted their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Mizuho raised their price target on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets lowered their price objective on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $68.38.

Eversource Energy Trading Up 2.0 %

ES traded up $1.16 during mid-day trading on Thursday, hitting $57.77. The stock had a trading volume of 1,133,763 shares, compared to its average volume of 2,068,699. The stock's fifty day simple moving average is $59.64 and its 200-day simple moving average is $62.94. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of -36.80, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the business posted $0.97 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. As a group, research analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 4.95%. Eversource Energy's dividend payout ratio (DPR) is currently -182.17%.

Eversource Energy Profile

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.