Accurate Wealth Management LLC Purchases 5,919 Shares of Eversource Energy (NYSE:ES)

Accurate Wealth Management LLC increased its position in shares of Eversource Energy (NYSE:ES) by 159.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,627 shares of the utilities provider’s stock after acquiring an additional 5,919 shares during the quarter. Accurate Wealth Management LLC’s holdings in Eversource Energy were worth $536,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ES. Brooklyn Investment Group acquired a new position in Eversource Energy during the 3rd quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in Eversource Energy during the 3rd quarter valued at approximately $32,000. UMB Bank n.a. increased its stake in Eversource Energy by 62.9% during the 3rd 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 in the last quarter. Larson Financial Group LLC increased its stake in Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in Eversource Energy during the 3rd quarter valued at approximately $48,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $56.63 on Thursday. The company’s fifty day moving average price is $59.64 and its 200 day moving average price is $62.94. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The company has a market capitalization of $20.75 billion, a PE ratio of -36.07, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. On average, research analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 5.05%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s payout ratio is -182.17%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ES shares. BMO Capital Markets cut 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. Mizuho upped their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Barclays increased their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of Eversource Energy in a research note on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price objective on the stock. Finally, Scotiabank lowered shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their price objective for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus target price of $68.38.

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.