Qsemble Capital Management LP Makes New $364,000 Investment in Eversource Energy (NYSE:ES)

Qsemble Capital Management LP bought a new position in Eversource Energy (NYSE:ES) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,349 shares of the utilities provider’s stock, valued at approximately $364,000.

Other large investors have also bought and sold shares of the company. Lynx Investment Advisory bought a new position in shares of Eversource Energy in the second quarter worth $25,000. Ashton Thomas Securities LLC bought a new position in shares of Eversource Energy in the third quarter worth $32,000. UMB Bank n.a. boosted its holdings in shares of Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 198 shares during the period. Larson Financial Group LLC boosted its holdings 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 worth $38,000 after acquiring an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC bought a new position in shares of Eversource Energy in the third quarter worth $48,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ES has been the subject of a number of analyst reports. Mizuho raised their price target on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Barclays lifted their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Morgan Stanley lifted their price objective on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Bank of America lifted their price objective on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets dropped their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $70.46.

Eversource Energy Trading Up 1.6 %

NYSE ES opened at $64.59 on Thursday. The stock’s 50-day simple moving average is $64.44 and its two-hundred day simple moving average is $62.97. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $23.67 billion, a price-to-earnings ratio of -41.14, a PEG ratio of 2.56 and a beta of 0.61.

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

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.43%. Eversource Energy’s dividend payout ratio is currently -182.17%.

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.