Eversource Energy (NYSE:ES) Shares Bought by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 6,705.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 48,452 shares of the utilities provider's stock after buying an additional 47,740 shares during the period. Pathway Financial Advisers LLC's holdings in Eversource Energy were worth $3,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ES. Lynx Investment Advisory acquired a new position in Eversource Energy in the second quarter valued at approximately $25,000. UMB Bank n.a. boosted its holdings in Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after buying an additional 198 shares in the last quarter. Manchester Capital Management LLC grew its position in Eversource Energy by 83.6% during the first quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider's stock valued at $36,000 after buying an additional 276 shares during the period. Salomon & Ludwin LLC grew its position in Eversource Energy by 4,187.5% during the first quarter. Salomon & Ludwin LLC now owns 686 shares of the utilities provider's stock valued at $41,000 after buying an additional 670 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Eversource Energy in the third quarter worth about $48,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Trading Up 1.1 %

NYSE:ES traded up $0.70 during trading hours on Wednesday, hitting $65.25. The company had a trading volume of 779,804 shares, compared to its average volume of 2,381,055. Eversource Energy has a 1 year low of $52.03 and a 1 year 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 company has a 50-day moving average of $66.53 and a 200 day moving average of $62.64. The company has a market cap of $23.32 billion, a P/E ratio of -239.07, a P/E/G ratio of 2.56 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.90 billion. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. Eversource Energy's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. Sell-side analysts expect that Eversource Energy will post 4.57 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.38%. Eversource Energy's dividend payout ratio (DPR) is -1,059.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Scotiabank lifted their price target 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. Mizuho upped their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Bank of America lifted their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. BMO Capital Markets reduced their price objective on shares of 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. Finally, Morgan Stanley increased their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, August 23rd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of "Hold" and a consensus price target of $70.07.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now owns 9,032 shares of the company's stock, valued at $591,596. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares of the company's stock, valued at $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Penelope M. Conner sold 500 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the transaction, the executive vice president now owns 9,847 shares of the company's stock, valued at approximately $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

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.