My Legacy Advisors LLC Has $586,000 Position in Eversource Energy (NYSE:ES)

My Legacy Advisors LLC cut its holdings in shares of Eversource Energy (NYSE:ES) by 20.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,611 shares of the utilities provider’s stock after selling 2,256 shares during the period. My Legacy Advisors LLC’s holdings in Eversource Energy were worth $586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lynx Investment Advisory bought a new stake in shares of Eversource Energy in the 2nd quarter valued at $25,000. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 198 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Eversource Energy by 49.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Eversource Energy by 83.6% in the 1st quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider’s stock valued at $36,000 after buying an additional 276 shares during the period. Finally, Salomon & Ludwin LLC raised its stake in Eversource Energy by 4,187.5% during the 1st quarter. Salomon & Ludwin LLC now owns 686 shares of the utilities provider’s stock worth $41,000 after buying an additional 670 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

Eversource Energy stock traded down $0.16 during mid-day trading on Tuesday, reaching $65.97. The company’s stock had a trading volume of 417,240 shares, compared to its average volume of 2,404,888. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $69.01. The firm’s fifty day moving average price is $66.47 and its two-hundred day moving average price is $62.34. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. The company has a market capitalization of $23.24 billion, a P/E ratio of -56.08, a PEG ratio of 2.49 and a beta of 0.61.

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

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 4.34%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is -242.37%.

Analyst Ratings Changes

Several research firms have recently commented on ES. BMO Capital Markets decreased their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Morgan Stanley boosted their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Barclays raised their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company increased 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. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $70.07.

Insider Activity at Eversource Energy

In other news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction that occurred 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 transaction, 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 at this link. In related news, EVP Penelope M. Conner sold 815 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were 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 directly owns 9,032 shares of the company’s stock, valued at approximately $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares of the company’s stock, valued at $639,464.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

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.