Brophy Wealth Management LLC Purchases New Stake in Eversource Energy (NYSE:ES)

Brophy Wealth Management LLC purchased a new stake in shares of Eversource Energy (NYSE:ES) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,986 shares of the utilities provider’s stock, valued at approximately $271,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its holdings in Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 166 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Eversource Energy by 14.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 169 shares during the last quarter. Addison Advisors LLC lifted its holdings in Eversource Energy by 27.4% during the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 185 shares during the last quarter. Bar Harbor Wealth Management lifted its holdings in Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 190 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.5 %

Shares of NYSE ES opened at $60.54 on Wednesday. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The firm’s 50 day simple moving average is $63.69 and its two-hundred day simple moving average is $63.08. The stock has a market capitalization of $22.18 billion, a P/E ratio of -38.56, a PEG ratio of 2.39 and a beta of 0.60.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the business earned $0.97 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Wednesday, December 18th. Eversource Energy’s dividend payout ratio is -182.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Jefferies Financial Group assumed coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price target on the stock. Bank of America increased their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Barclays increased their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley increased their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and an average price target of $69.15.

Eversource Energy 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.