8,501 Shares in Eversource Energy $ES Bought by Vista Investment Partners LLC

Vista Investment Partners LLC purchased a new position in shares of Eversource Energy (NYSE:ES) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,501 shares of the utilities provider’s stock, valued at approximately $605,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new position in shares of Eversource Energy during the 2nd quarter worth about $26,000. Trust Co. of Toledo NA OH acquired a new stake in Eversource Energy in the 2nd quarter valued at about $28,000. Elevation Point Wealth Partners LLC bought a new position in Eversource Energy during the second quarter worth about $31,000. Hilltop National Bank acquired a new position in Eversource Energy during the second quarter worth approximately $32,000. Finally, Anchor Investment Management LLC increased its position in Eversource Energy by 122.0% during the second quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock worth $35,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other news, EVP James W. Hunt III sold 4,129 shares of Eversource Energy stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.77, for a total value 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Stock Up 1.2%

ES opened at $67.16 on Friday. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $75.25. 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 company has a market capitalization of $25.20 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.39 and a beta of 0.76. The stock has a fifty day moving average of $69.86 and a 200-day moving average of $67.40.

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

Eversource Energy Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $73.00 to $85.00 in a research report on Tuesday, October 21st. Scotiabank dropped their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. UBS Group cut their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Friday, October 31st. Finally, Mizuho reissued a “neutral” rating and issued a $68.00 price objective (down from $81.00) on shares of Eversource Energy in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $71.27.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.