Capital Advisors Ltd. LLC Buys 400 Shares of Eversource Energy (NYSE:ES)

Capital Advisors Ltd. LLC increased its stake in shares of Eversource Energy (NYSE:ES) by 46.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,267 shares of the utilities provider’s stock after buying an additional 400 shares during the period. Capital Advisors Ltd. LLC’s holdings in Eversource Energy were worth $76,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Eversource Energy during the fourth quarter valued at about $149,906,000. Morgan Stanley raised its holdings in Eversource Energy by 19.3% during the 3rd quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider’s stock valued at $259,595,000 after acquiring an additional 723,318 shares during the period. American Century Companies Inc. raised its holdings in Eversource Energy by 23.7% during the 3rd quarter. American Century Companies Inc. now owns 3,663,024 shares of the utilities provider’s stock valued at $213,005,000 after acquiring an additional 702,360 shares during the period. Clean Energy Transition LLP purchased a new stake in shares of Eversource Energy during the fourth quarter worth $40,181,000. Finally, Nordea Investment Management AB boosted its holdings in shares of Eversource Energy by 8.2% in the fourth quarter. Nordea Investment Management AB now owns 6,299,800 shares of the utilities provider’s stock worth $388,509,000 after acquiring an additional 475,341 shares during the period. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.1 %

Shares of Eversource Energy stock opened at $56.51 on Wednesday. The business’s 50 day simple moving average is $59.27 and its two-hundred day simple moving average is $58.64. Eversource Energy has a one year low of $52.03 and a one year high of $74.81. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. Analysts anticipate that Eversource Energy will post 4.53 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.86 annualized dividend and a dividend yield of 5.06%. Eversource Energy’s dividend payout ratio (DPR) is presently -242.37%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com upgraded Eversource Energy to a “sell” rating in a research note on Thursday, March 28th. BMO Capital Markets boosted their target price on Eversource Energy from $65.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Bank of America upgraded shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $61.00 target price for the company in a research report on Tuesday, June 25th. Finally, UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $67.00 in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $65.86.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the sale, the vice president now owns 63,808 shares in the company, valued at $3,586,009.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Penelope M. Conner sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the transaction, the executive vice president now owns 10,272 shares in the company, valued at approximately $603,480. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the sale, the vice president now owns 63,808 shares in the company, valued at $3,586,009.60. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Eversource Energy Company 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.