B. Riley Wealth Advisors Inc. Increases Position in Eversource Energy (NYSE:ES)

B. Riley Wealth Advisors Inc. boosted its position in Eversource Energy (NYSE:ES) by 8.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,954 shares of the utilities provider’s stock after acquiring an additional 458 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Eversource Energy were worth $404,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy in the third quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new stake in Eversource Energy in the 3rd quarter worth about $32,000. UMB Bank n.a. grew its holdings in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares during the period. Larson Financial Group LLC increased its stake in shares of Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Eversource Energy during the 3rd quarter worth about $48,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Down 0.5 %

NYSE ES opened at $55.90 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The business has a 50 day moving average price of $62.64 and a two-hundred day moving average price of $63.06. The stock has a market cap of $20.48 billion, a PE ratio of -35.61, a P/E/G ratio of 2.38 and a beta of 0.60.

Eversource Energy (NYSE:ES) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Wednesday, December 18th. Eversource Energy’s payout ratio is -182.17%.

Analyst Ratings Changes

Several equities analysts recently commented on ES shares. Mizuho upped their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded Eversource Energy from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Bank of America lifted their target price on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Barclays upped their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their target price for the stock from $66.00 to $56.00 in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.38.

About Eversource Energy

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.