FSA Wealth Management LLC Makes New $75,000 Investment in Eversource Energy (NYSE:ES)

FSA Wealth Management LLC acquired a new stake in shares of Eversource Energy (NYSE:ES) during the third quarter, HoldingsChannel reports. The fund acquired 1,105 shares of the utilities provider’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bensler LLC purchased a new stake in shares of Eversource Energy during the second quarter worth about $316,000. M&G Plc grew its holdings in Eversource Energy by 16.8% during the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock valued at $92,721,000 after buying an additional 234,361 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock valued at $2,151,000 after buying an additional 10,093 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Eversource Energy by 283.2% in the first quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider’s stock worth $5,443,000 after buying an additional 67,300 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Eversource Energy by 23.2% during the second quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock worth $7,636,000 after acquiring an additional 25,377 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ES shares. Mizuho lifted their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Scotiabank boosted their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Bank of America raised their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley raised their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $70.58.

Eversource Energy Trading Down 0.2 %

ES stock opened at $64.49 on Monday. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The stock has a market capitalization of $23.63 billion, a price-to-earnings ratio of -41.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61. 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 firm’s fifty day simple moving average is $64.33 and its two-hundred day simple moving average is $63.03.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The company 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 firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. As a group, analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Monday, September 23rd. 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.