Moors & Cabot Inc. Sells 837 Shares of Eversource Energy (NYSE:ES)

Moors & Cabot Inc. trimmed its stake in shares of Eversource Energy (NYSE:ES) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,799 shares of the utilities provider’s stock after selling 837 shares during the quarter. Moors & Cabot Inc.’s holdings in Eversource Energy were worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ES. Zimmer Partners LP grew its position in Eversource Energy by 730.4% during the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock worth $151,642,000 after acquiring an additional 2,231,585 shares during the last quarter. BROOKFIELD Corp ON bought a new stake in shares of Eversource Energy in the 1st quarter worth approximately $65,389,000. Los Angeles Capital Management LLC grew its position in shares of Eversource Energy by 201.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 974,665 shares of the utilities provider’s stock worth $55,273,000 after buying an additional 651,263 shares during the last quarter. Millennium Management LLC grew its position in shares of Eversource Energy by 75.8% in the 2nd quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider’s stock worth $74,142,000 after buying an additional 563,756 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Eversource Energy in the 1st quarter worth approximately $31,928,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Trading Down 0.1 %

ES stock opened at $61.61 on Thursday. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The business has a fifty day moving average price of $64.87 and a 200-day moving average price of $62.88. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is currently -182.17%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Scotiabank lifted their price objective on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Mizuho lifted their price objective on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company raised their target price on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Bank of America raised their target price on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley raised their target price on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.46.

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.