GAMMA Investing LLC Has $376,000 Holdings in Eversource Energy (NYSE:ES)

GAMMA Investing LLC decreased its stake in Eversource Energy (NYSE:ES) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,520 shares of the utilities provider’s stock after selling 349 shares during the period. GAMMA Investing LLC’s holdings in Eversource Energy were worth $376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ES. Lynx Investment Advisory acquired a new stake in Eversource Energy in the 2nd quarter worth $25,000. Rise Advisors LLC acquired a new stake in Eversource Energy during the first quarter worth about $27,000. Versant Capital Management Inc increased its stake in Eversource Energy by 62.6% during the first quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 201 shares during the period. Salem Investment Counselors Inc. raised its holdings in Eversource Energy by 49.7% in 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. Finally, Manchester Capital Management LLC lifted its position in shares of Eversource Energy by 83.6% in the 1st 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. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Scotiabank lifted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company upped their target price 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. Finally, Barclays raised their price target on shares of Eversource Energy from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. 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 MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $70.00.

Insiders Place Their Bets

In related news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction that occurred 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 in the company, valued at $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president now owns 9,847 shares of the company’s stock, valued at $639,464.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Eversource Energy Price Performance

Shares of ES stock opened at $63.41 on Thursday. 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 $22.34 billion, a PE ratio of -53.74, a PEG ratio of 2.54 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 fifty day moving average is $66.57 and its 200-day moving average is $61.95.

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

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.51%. Eversource Energy’s dividend payout ratio is currently -242.37%.

Eversource Energy 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.