MONECO Advisors LLC Has $439,000 Stock Holdings in Eversource Energy (NYSE:ES)

MONECO Advisors LLC boosted its stake in shares of Eversource Energy (NYSE:ES) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,651 shares of the utilities provider’s stock after purchasing an additional 1,073 shares during the period. MONECO Advisors LLC’s holdings in Eversource Energy were worth $439,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ES. Kestra Investment Management LLC acquired a new position in Eversource Energy during the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Eversource Energy in the third quarter valued at approximately $32,000. Venturi Wealth Management LLC lifted its position in shares of Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock valued at $34,000 after buying an additional 301 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after buying an additional 350 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

NYSE:ES opened at $62.96 on Tuesday. The stock has a market cap of $23.09 billion, a P/E ratio of 27.26, a PEG ratio of 2.35 and a beta of 0.62. The stock has a 50 day simple moving average of $58.29 and a 200 day simple moving average of $62.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a 1-year low of $54.75 and a 1-year high of $69.01.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is 130.30%.

Insiders Place Their Bets

In other news, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares of the company’s stock, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays cut their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Scotiabank cut their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company cut their price objective on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.45.

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.