Eversource Energy (NYSE:ES) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of Eversource Energy (NYSE:ES) by 32.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 660,486 shares of the utilities provider’s stock after selling 314,179 shares during the period. Los Angeles Capital Management LLC owned 0.18% of Eversource Energy worth $44,946,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Axxcess Wealth Management LLC acquired a new position in shares of Eversource Energy during the 3rd quarter worth approximately $238,000. Atria Investments Inc raised its position in shares of Eversource Energy by 61.8% during the 3rd quarter. Atria Investments Inc now owns 20,913 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 7,984 shares during the last quarter. SpiderRock Advisors LLC raised its position in shares of Eversource Energy by 81.2% during the 3rd quarter. SpiderRock Advisors LLC now owns 8,360 shares of the utilities provider’s stock worth $569,000 after purchasing an additional 3,746 shares during the last quarter. Easterly Investment Partners LLC raised its position in shares of Eversource Energy by 14.2% during the 3rd quarter. Easterly Investment Partners LLC now owns 206,383 shares of the utilities provider’s stock worth $14,044,000 after purchasing an additional 25,735 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Eversource Energy during the 3rd quarter worth approximately $49,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the business’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 transaction, the executive vice president now owns 9,032 shares in the company, valued at $591,596. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Stock Up 1.0 %

Eversource Energy stock traded up $0.58 during trading on Friday, reaching $61.40. 2,412,697 shares of the company’s stock were exchanged, compared to its average volume of 2,189,147. The company’s 50-day moving average is $65.90 and its two-hundred day moving average is $62.83. 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 has a 52-week low of $52.09 and a 52-week high of $69.01. The firm has a market cap of $22.50 billion, a price-to-earnings ratio of -39.11, a PEG ratio of 2.37 and a beta of 0.61.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping 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 11.00%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. On average, analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.66%. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Analyst Ratings Changes

ES has been the subject of several research reports. Bank of America lifted their price objective on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley boosted their price target on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Barclays boosted their price target on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets cut their price target 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. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $70.46.

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.