Eversource Energy (NYSE:ES) Shares Purchased by Spirit of America Management Corp NY

Spirit of America Management Corp NY boosted its holdings in Eversource Energy (NYSE:ES) by 23.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,950 shares of the utilities provider’s stock after acquiring an additional 2,300 shares during the quarter. Spirit of America Management Corp NY’s holdings in Eversource Energy were worth $813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFM Investors Pty Ltd lifted its holdings in shares of Eversource Energy by 11.4% during the third quarter. IFM Investors Pty Ltd now owns 155,244 shares of the utilities provider’s stock valued at $10,564,000 after purchasing an additional 15,921 shares during the last quarter. Patrick M Sweeney & Associates Inc. purchased a new position in shares of Eversource Energy in the third quarter worth approximately $216,000. International Assets Investment Management LLC acquired a new stake in shares of Eversource Energy during the third quarter valued at approximately $176,214,000. MFA Wealth Advisors LLC purchased a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $48,000. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Eversource Energy by 1.1% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 144,535 shares of the utilities provider’s stock worth $9,836,000 after purchasing an additional 1,621 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in 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. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Bank of America boosted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. 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 note on Tuesday, August 20th. Finally, Mizuho boosted their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.07.

Insider Buying and Selling at Eversource Energy

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

Eversource Energy Stock Down 0.4 %

Shares of ES stock opened at $66.82 on Friday. The company has a market capitalization of $23.88 billion, a price-to-earnings ratio of -247.46, 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 simple moving average is $66.49 and its 200 day simple moving average is $62.43. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $69.01.

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, hitting the consensus estimate of $0.95. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS. As a group, research analysts predict that Eversource Energy will post 4.57 EPS for the current 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 paid 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 4.28%. Eversource Energy’s payout ratio is -1,059.26%.

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.