Kore Private Wealth LLC Lowers Position in Eversource Energy (NYSE:ES)

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.

ES has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on Eversource Energy from $102.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, October 4th. Morgan Stanley lifted their target price on Eversource Energy from $81.00 to $85.00 and gave the stock an “underweight” rating in a report on Thursday, August 19th. Mizuho reduced their target price on Eversource Energy from $85.00 to $82.00 and set an “underperform” rating for the company in a report on Thursday, September 16th. Finally, Credit Suisse Group initiated coverage on Eversource Energy in a report on Wednesday, July 14th. They issued an “underperform” rating and a $85.00 target price for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $88.57.

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

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