Sequoia Financial Advisors LLC Sells 169 Shares of Eversource Energy (NYSE:ES)

Sequoia Financial Advisors LLC lowered its stake in shares of Eversource Energy (NYSE:ES) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,209 shares of the utilities provider’s stock after selling 169 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Eversource Energy were worth $1,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lynx Investment Advisory bought a new position in shares of Eversource Energy during the 2nd quarter worth approximately $25,000. UMB Bank n.a. increased its position in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 198 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Eversource Energy by 83.6% during the first quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 276 shares during the period. Salomon & Ludwin LLC boosted its position in Eversource Energy by 4,187.5% in the first quarter. Salomon & Ludwin LLC now owns 686 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 670 shares during the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in Eversource Energy in the 1st quarter valued at $43,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 1.5 %

ES stock opened at $65.84 on Friday. The stock has a 50-day simple moving average of $66.53 and a two-hundred day simple moving average of $62.46. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $69.01. The firm has a market capitalization of $23.53 billion, a PE ratio of -243.85, a PEG ratio of 2.58 and a beta of 0.61.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts predict that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is -1,059.26%.

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 on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the transaction, the executive vice president now owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at approximately $591,596. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BMO Capital Markets lowered their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Bank of America lifted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Mizuho increased their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays lifted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.07.

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.