Aaron Wealth Advisors LLC Acquires 9,616 Shares of Eversource Energy $ES

Aaron Wealth Advisors LLC grew its holdings in shares of Eversource Energy (NYSE:ES) by 241.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,593 shares of the utilities provider’s stock after acquiring an additional 9,616 shares during the period. Aaron Wealth Advisors LLC’s holdings in Eversource Energy were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ES. GAMMA Investing LLC increased its stake in shares of Eversource Energy by 18.0% in the third quarter. GAMMA Investing LLC now owns 11,885 shares of the utilities provider’s stock worth $845,000 after purchasing an additional 1,817 shares in the last quarter. Praxis Investment Management Inc. lifted its stake in Eversource Energy by 37.0% in the 3rd quarter. Praxis Investment Management Inc. now owns 6,247 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 1,687 shares in the last quarter. Caldwell Trust Co bought a new position in shares of Eversource Energy during the 2nd quarter valued at about $37,000. Osaic Holdings Inc. increased its stake in Eversource Energy by 60.3% in the 2nd quarter. Osaic Holdings Inc. now owns 170,983 shares of the utilities provider’s stock worth $10,828,000 after acquiring an additional 64,333 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of Eversource Energy by 91.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 9,983 shares of the utilities provider’s stock worth $635,000 after acquiring an additional 4,755 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ES. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a report on Monday, November 24th. BMO Capital Markets lowered their price target on shares of Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a report on Thursday, November 6th. TD Cowen initiated coverage on Eversource Energy in a research note on Thursday, October 16th. They set a “hold” rating and a $76.00 price objective on the stock. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $71.27.

Eversource Energy Stock Performance

ES stock opened at $67.19 on Thursday. Eversource Energy has a one year low of $52.28 and a one year high of $75.25. The firm has a market cap of $25.21 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.41 and a beta of 0.76. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.64 and a current ratio of 0.71. The firm has a 50-day simple moving average of $70.42 and a two-hundred day simple moving average of $67.34.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.07. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.28 billion. Eversource Energy had a net margin of 10.22% and a return on equity of 11.06%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. On average, equities analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a dividend of $0.7525 per share. The ex-dividend date is Wednesday, December 17th. This represents a $3.01 dividend on an annualized basis and a yield of 4.5%. Eversource Energy’s dividend payout ratio is presently 82.47%.

Insider Activity

In other news, EVP James W. Hunt III sold 4,129 shares of Eversource Energy stock in a transaction on Friday, November 7th. The shares were sold at an average price of $72.77, for a total transaction of $300,467.33. Following the completion of the sale, the executive vice president directly owned 32,415 shares in the company, valued at approximately $2,358,839.55. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.