Frank Rimerman Advisors LLC decreased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 90.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,947 shares of the utilities provider's stock after selling 39,320 shares during the period. Frank Rimerman Advisors LLC's holdings in Eversource Energy were worth $269,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ES. Capital Advisors Ltd. LLC lifted its stake in shares of Eversource Energy by 46.1% in the first quarter. Capital Advisors Ltd. LLC now owns 1,267 shares of the utilities provider's stock valued at $76,000 after buying an additional 400 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Eversource Energy by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 878,968 shares of the utilities provider's stock valued at $52,536,000 after buying an additional 3,407 shares during the period. Norden Group LLC bought a new stake in shares of Eversource Energy in the first quarter valued at about $461,000. First Trust Direct Indexing L.P. lifted its stake in shares of Eversource Energy by 53.4% in the first quarter. First Trust Direct Indexing L.P. now owns 6,955 shares of the utilities provider's stock valued at $416,000 after buying an additional 2,420 shares during the period. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Eversource Energy by 1.5% in the first quarter. Maryland State Retirement & Pension System now owns 325,077 shares of the utilities provider's stock valued at $18,694,000 after buying an additional 4,761 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.
Eversource Energy Trading Down 2.9 %
Eversource Energy stock traded down $1.94 during mid-day trading on Tuesday, hitting $64.55. The stock had a trading volume of 1,886,537 shares, compared to its average volume of 2,388,716. The stock has a market capitalization of $23.07 billion, a PE ratio of -239.07, a P/E/G ratio of 2.56 and a beta of 0.61. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $69.01. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The stock has a 50-day simple moving average of $66.53 and a two-hundred day simple moving average of $62.64.
Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the company earned $1.00 EPS. Eversource Energy's revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts forecast that Eversource Energy will post 4.57 EPS for the current year.
Eversource Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors 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 4.43%. Eversource Energy's dividend payout ratio is presently -1,059.26%.
Analysts Set New Price Targets
ES has been the subject of a number of analyst reports. Mizuho raised their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Scotiabank raised their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Barclays raised their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Finally, StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $70.07.
Check Out Our Latest Stock Analysis on Eversource Energy
Insider Buying and Selling at Eversource Energy
In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now directly owns 9,847 shares in the company, valued at approximately $639,464.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.
About Eversource Energy
(
Free Report)
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.
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