Eversource Energy (NYSE:ES) Shares Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC increased its stake in Eversource Energy (NYSE:ES) by 6,705.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,452 shares of the utilities provider’s stock after acquiring an additional 47,740 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Eversource Energy were worth $3,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ES. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Eversource Energy by 24.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider’s stock worth $4,232,000 after purchasing an additional 13,950 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Eversource Energy by 6.1% in the first quarter. Canada Pension Plan Investment Board now owns 646,334 shares of the utilities provider’s stock valued at $38,631,000 after acquiring an additional 37,219 shares in the last quarter. Sei Investments Co. increased its position in shares of Eversource Energy by 62.9% during the first quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider’s stock worth $27,518,000 after purchasing an additional 177,692 shares in the last quarter. Bensler LLC acquired a new position in Eversource Energy in the 2nd quarter valued at $316,000. Finally, M&G Plc lifted its holdings in Eversource Energy by 16.8% in the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock valued at $92,721,000 after purchasing an additional 234,361 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity

In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now owns 9,032 shares in the company, valued at approximately $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the sale, the executive vice president now owns 9,847 shares in the company, valued at approximately $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ES shares. BMO Capital Markets decreased their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Bank of America upped their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Wells Fargo & Company boosted their price objective on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Scotiabank raised their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.07.

Eversource Energy Trading Down 1.5 %

Shares of ES stock traded down $0.98 during trading hours on Friday, hitting $65.84. The company had a trading volume of 1,386,912 shares, compared to its average volume of 2,395,150. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66. The company’s fifty day moving average is $66.55 and its 200 day moving average is $62.51. The stock has a market capitalization of $23.53 billion, a PE ratio of -243.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business posted $1.00 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Research analysts expect that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio is currently -1,059.26%.

Eversource Energy Company Profile

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.