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Eversource Energy (NYSE:ES) Stake Boosted by U.S. Capital Wealth Advisors LLC

Eversource Energy logo with Utilities background

U.S. Capital Wealth Advisors LLC increased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,894 shares of the utilities provider's stock after purchasing an additional 11,322 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Eversource Energy were worth $9,807,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sterling Investment Counsel LLC lifted its stake in Eversource Energy by 4.9% during the first quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider's stock worth $255,000 after purchasing an additional 190 shares during the last quarter. Ascent Group LLC lifted its stake in Eversource Energy by 1.2% in the fourth quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider's stock valued at $1,129,000 after buying an additional 230 shares during the last quarter. Keybank National Association OH lifted its stake in Eversource Energy by 2.6% in the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock valued at $522,000 after buying an additional 233 shares during the last quarter. Whittier Trust Co. lifted its stake in Eversource Energy by 3.3% in the fourth quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after buying an additional 245 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after buying an additional 254 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ES has been the topic of a number of recent research reports. Mizuho raised their target price on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. BMO Capital Markets raised their target price on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $65.67.

Get Our Latest Stock Analysis on Eversource Energy

Insider Transactions at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the transaction, the executive vice president owned 10,988 shares of the company's stock, valued at approximately $703,232. This trade represents a 19.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Eversource Energy Price Performance

NYSE:ES traded up $0.99 during mid-day trading on Thursday, reaching $66.10. 1,484,596 shares of the stock were exchanged, compared to its average volume of 2,494,085. The business has a fifty day moving average price of $63.54 and a 200 day moving average price of $60.57. The firm has a market capitalization of $24.28 billion, a PE ratio of 28.49, a PEG ratio of 2.40 and a beta of 0.62. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.50. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.65 billion. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. Eversource Energy's revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share. Research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Thursday, May 15th. Eversource Energy's payout ratio is currently 129.74%.

About Eversource Energy

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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