Eversource Energy (NYSE:ES) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC lowered its holdings in Eversource Energy (NYSE:ES) by 4.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,799 shares of the utilities provider’s stock after selling 368 shares during the quarter. Apollon Wealth Management LLC’s holdings in Eversource Energy were worth $531,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ES. Lynx Investment Advisory purchased a new position in shares of Eversource Energy during the second quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at about $32,000. UMB Bank n.a. grew its stake in Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Eversource Energy during the first quarter worth approximately $43,000. Finally, MFA Wealth Advisors LLC acquired a new position in Eversource Energy during the third quarter worth approximately $48,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Barclays lifted their price objective on shares of 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 raised their price target on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets cut their price objective on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.46.

Eversource Energy Stock Performance

Shares of ES opened at $61.85 on Friday. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The company’s 50 day simple moving average is $65.24 and its 200 day simple moving average is $62.84. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of -39.39, a PEG ratio of 2.43 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy (NYSE:ES) last issued 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. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, sell-side analysts predict that Eversource Energy will post 4.56 EPS for the current 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 paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s dividend payout ratio is currently -182.17%.

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.