Apella Capital LLC Makes New Investment in Eversource Energy (NYSE:ES)

Apella Capital LLC purchased a new stake in shares of Eversource Energy (NYSE:ES) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,752 shares of the utilities provider’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ES. Massmutual Trust Co. FSB ADV raised its position in shares of Eversource Energy by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 169 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Eversource Energy by 49.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Addison Advisors LLC grew its holdings in Eversource Energy by 27.4% in the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock valued at $49,000 after buying an additional 185 shares in the last quarter. Bar Harbor Wealth Management increased its position in Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 190 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Eversource Energy by 2.5% in the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock worth $475,000 after acquiring an additional 192 shares during the period. Institutional investors own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $53,382.50. Following the completion of the sale, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction that occurred 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Eversource Energy Stock Performance

Shares of NYSE ES traded down $0.51 during trading on Friday, reaching $65.38. The stock had a trading volume of 1,593,769 shares, compared to its average volume of 2,446,338. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. Eversource Energy has a one year low of $52.03 and a one year high of $69.01. The firm’s 50 day moving average price is $66.63 and its two-hundred day moving average price is $61.83. The stock has a market cap of $23.03 billion, a PE ratio of -55.41, a P/E/G ratio of 2.54 and a beta of 0.61.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS. On average, research analysts forecast that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio is -242.37%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ES. Mizuho upped their price target on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America upped their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Scotiabank boosted their price objective 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. Finally, Barclays upped their price target on shares of Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.00.

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.