Benjamin Edwards Inc. Has $1.09 Million Stake in Eversource Energy (NYSE:ES)

Benjamin Edwards Inc. grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 3,810.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,954 shares of the utilities provider's stock after buying an additional 15,546 shares during the quarter. Benjamin Edwards Inc.'s holdings in Eversource Energy were worth $1,086,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ES. Opal Wealth Advisors LLC bought a new position in shares of Eversource Energy during the 2nd quarter worth approximately $96,000. Hexagon Capital Partners LLC boosted its stake in shares of Eversource Energy by 57.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,110 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 406 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Eversource Energy by 96.3% in the 2nd quarter. Sound Income Strategies LLC now owns 8,705 shares of the utilities provider's stock worth $494,000 after purchasing an additional 4,270 shares during the last quarter. Czech National Bank grew its holdings in shares of Eversource Energy by 9.2% in the 2nd quarter. Czech National Bank now owns 67,125 shares of the utilities provider's stock worth $3,807,000 after purchasing an additional 5,661 shares during the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new stake in shares of Eversource Energy during the 2nd quarter worth about $1,867,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Down 3.0 %

NYSE ES traded down $1.86 during trading hours on Friday, hitting $59.78. The company's stock had a trading volume of 2,574,355 shares, compared to its average volume of 1,891,504. The stock has a fifty day moving average of $63.84 and a 200 day moving average of $63.04. 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. The firm has a market capitalization of $21.90 billion, a P/E ratio of -38.08, a PEG ratio of 2.47 and a beta of 0.60.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.715 per share. The ex-dividend date is Wednesday, December 18th. This represents a $2.86 annualized dividend and a dividend yield of 4.78%. Eversource Energy's payout ratio is currently -182.17%.

Analyst Ratings Changes

ES has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price target on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a report on Tuesday, October 15th. Scotiabank raised their target price on Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Morgan Stanley upped their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday, August 23rd. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, Mizuho upped their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $69.15.

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.