Blue Trust Inc. Purchases 1,349 Shares of Eversource Energy (NYSE:ES)

Blue Trust Inc. increased its position in Eversource Energy (NYSE:ES) by 135.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,347 shares of the utilities provider’s stock after purchasing an additional 1,349 shares during the quarter. Blue Trust Inc.’s holdings in Eversource Energy were worth $160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LVW Advisors LLC lifted its holdings in shares of Eversource Energy by 7.4% during the first quarter. LVW Advisors LLC now owns 8,052 shares of the utilities provider’s stock valued at $481,000 after acquiring an additional 552 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Eversource Energy by 46.1% during the first quarter. Capital Advisors Ltd. LLC now owns 1,267 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 400 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Eversource Energy by 0.4% during 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 acquiring an additional 3,407 shares during the period. Norden Group LLC bought a new position in shares of Eversource Energy in the first quarter valued at about $461,000. Finally, First Trust Direct Indexing L.P. raised its holdings 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 last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Down 1.5 %

NYSE ES opened at $65.84 on Monday. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $69.01. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of -243.85, a PEG ratio of 2.58 and a beta of 0.61. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. The stock’s 50 day moving average price is $66.55 and its two-hundred day moving average price is $62.55.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. As a group, analysts anticipate that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is presently -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 stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at $591,596. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the sale, the executive vice president now directly owns 9,847 shares in the company, valued at $639,464.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Penelope M. Conner sold 815 shares of the 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 completion of 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 disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their price target on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their price target on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Mizuho lifted their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. BMO Capital Markets cut their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Finally, Barclays lifted their price target on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.