Moors & Cabot Inc. Boosts Stake in Eversource Energy (NYSE:ES)

Moors & Cabot Inc. boosted its stake in shares of Eversource Energy (NYSE:ES) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,126 shares of the utilities provider’s stock after buying an additional 3,400 shares during the period. Moors & Cabot Inc.’s holdings in Eversource Energy were worth $4,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Eversource Energy by 3.4% during the second quarter. Vanguard Group Inc. now owns 40,172,997 shares of the utilities provider’s stock worth $3,043,505,000 after buying an additional 1,338,950 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Eversource Energy by 108.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 14,429,007 shares of the utilities provider’s stock worth $1,093,142,000 after buying an additional 7,496,179 shares during the period. Wells Fargo & Company MN lifted its holdings in Eversource Energy by 3.1% during the second quarter. Wells Fargo & Company MN now owns 6,308,222 shares of the utilities provider’s stock worth $477,910,000 after buying an additional 189,128 shares during the period. Charles Schwab Investment Advisory Inc. lifted its holdings in Eversource Energy by 1.9% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 4,792,176 shares of the utilities provider’s stock worth $363,055,000 after buying an additional 89,890 shares during the period. Finally, Zimmer Partners LP lifted its holdings in Eversource Energy by 586.4% during the second quarter. Zimmer Partners LP now owns 4,290,210 shares of the utilities provider’s stock worth $325,026,000 after buying an additional 3,665,210 shares during the period. Institutional investors own 78.53% of the company’s stock.

A number of analysts have weighed in on ES shares. ValuEngine lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America set a $78.00 target price on Eversource Energy and gave the stock a “sell” rating in a report on Monday, July 15th. UBS Group upped their target price on Eversource Energy from $86.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Wells Fargo & Co upped their target price on Eversource Energy from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley upped their target price on Eversource Energy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $81.45.

Shares of ES traded down $0.17 during midday trading on Tuesday, hitting $85.97. 40,178 shares of the company’s stock traded hands, compared to its average volume of 1,514,045. Eversource Energy has a 1 year low of $61.57 and a 1 year high of $86.26. The firm’s fifty day moving average is $83.96 and its 200-day moving average is $77.35. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $27.70 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 4.43 and a beta of 0.20.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Eversource Energy had a return on equity of 9.24% and a net margin of 10.00%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Eversource Energy will post 3.44 EPS for the current year.

The firm also recently disclosed a — dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 2.6%. Eversource Energy’s dividend payout ratio is presently 65.24%.

In related news, VP Gregory B. Butler sold 8,298 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $77.30, for a total value of $641,435.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Philip J. Lembo sold 1,256 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $79.61, for a total value of $99,990.16. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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

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