Kore Private Wealth LLC lessened its position in Eversource Energy (NYSE:ES) by 8.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,234 shares of the utilities provider’s stock after selling 403 shares during the quarter. Kore Private Wealth LLC’s holdings in Eversource Energy were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Meridian Wealth Partners LLC bought a new position in Eversource Energy during the 1st quarter valued at approximately $25,000. BDO Wealth Advisors LLC bought a new position in Eversource Energy during the 1st quarter valued at approximately $26,000. CSat Investment Advisory L.P. increased its position in Eversource Energy by 53.0% during the 1st quarter. CSat Investment Advisory L.P. now owns 355 shares of the utilities provider’s stock valued at $31,000 after buying an additional 123 shares in the last quarter. Tradewinds Capital Management LLC bought a new position in Eversource Energy during the 2nd quarter valued at approximately $38,000. Finally, First Horizon Advisors Inc. increased its position in Eversource Energy by 246.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 614 shares of the utilities provider’s stock valued at $48,000 after buying an additional 437 shares in the last quarter. 77.04% of the stock is owned by institutional investors.
In related news, insider Linda Dorcena Forry sold 625 shares of Eversource Energy stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $87.79, for a total transaction of $54,868.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.
Shares of ES opened at $86.24 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.64 and a quick ratio of 0.60. Eversource Energy has a one year low of $76.64 and a one year high of $96.66. The firm has a market capitalization of $29.64 billion, a P/E ratio of 23.76, a PEG ratio of 3.48 and a beta of 0.35. The business has a fifty day moving average of $87.58 and a 200 day moving average of $85.51.
Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, July 29th. The utilities provider reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.01). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.18 billion. Eversource Energy had a return on equity of 9.27% and a net margin of 13.11%. Analysts expect that Eversource Energy will post 3.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Thursday, September 16th were given a dividend of $0.6025 per share. The ex-dividend date was Wednesday, September 15th. This represents a $2.41 annualized dividend and a yield of 2.79%. Eversource Energy’s dividend payout ratio (DPR) is presently 66.21%.
Eversource Energy Company Profile
Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.
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