2,951 Shares in Eversource Energy (NYSE:ES) Purchased by Avestar Capital LLC

Avestar Capital LLC bought a new stake in shares of Eversource Energy (NYSE:ES) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,951 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brooklyn Investment Group bought a new position in shares of Eversource Energy during the third quarter valued at approximately $31,000. FMR LLC increased its stake in shares of Eversource Energy by 2.7% during the third quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock valued at $477,647,000 after purchasing an additional 185,381 shares in the last quarter. Qsemble Capital Management LP bought a new position in shares of Eversource Energy during the third quarter valued at approximately $364,000. Bank of Montreal Can increased its stake in shares of Eversource Energy by 5.2% during the third quarter. Bank of Montreal Can now owns 625,162 shares of the utilities provider’s stock valued at $42,211,000 after purchasing an additional 30,903 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Eversource Energy by 37.6% during the third quarter. Private Trust Co. NA now owns 3,073 shares of the utilities provider’s stock valued at $209,000 after purchasing an additional 840 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 1.6 %

Shares of ES stock opened at $64.59 on Friday. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average is $64.39 and its 200 day moving average is $62.98. The stock has a market capitalization of $23.67 billion, a P/E ratio of -41.14, a P/E/G ratio of 2.56 and a beta of 0.61.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

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 dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ES shares. Mizuho increased their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Barclays increased their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Wells Fargo & Company increased their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Bank of America increased their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Morgan Stanley increased their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.46.

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.