ORG Wealth Partners LLC Invests $100,000 in Eversource Energy (NYSE:ES)

ORG Wealth Partners LLC bought a new position in Eversource Energy (NYSE:ES) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,473 shares of the utilities provider’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its holdings in Eversource Energy by 4.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 106,245 shares of the utilities provider’s stock worth $6,558,000 after buying an additional 4,501 shares in the last quarter. Syon Capital LLC bought a new stake in shares of Eversource Energy in the 4th quarter valued at $467,000. SageView Advisory Group LLC increased its position in shares of Eversource Energy by 9.4% in the 4th quarter. SageView Advisory Group LLC now owns 9,293 shares of the utilities provider’s stock valued at $574,000 after buying an additional 801 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Eversource Energy by 15.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,375 shares of the utilities provider’s stock valued at $270,000 after buying an additional 590 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Eversource Energy in the 4th quarter valued at $282,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Up 0.4 %

Shares of NYSE:ES opened at $64.05 on Tuesday. Eversource Energy has a 52-week low of $52.03 and a 52-week high of $69.01. The firm has a market capitalization of $22.56 billion, a P/E ratio of -54.28, a P/E/G ratio of 2.47 and a beta of 0.61. The stock has a 50 day moving average price of $66.41 and a 200-day moving average price of $62.11. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates 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 quarter last year, the company earned $1.00 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.47%. Eversource Energy’s payout ratio is -242.37%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

ES has been the subject of a number of recent analyst reports. Bank of America upped their price objective on shares of 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 increased their target price on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets raised their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Morgan Stanley raised their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Finally, Barclays raised their price objective on shares of Eversource Energy from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.00.

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.