Aaron Wealth Advisors LLC Purchases Shares of 3,541 Eversource Energy (NYSE:ES)

Aaron Wealth Advisors LLC purchased a new stake in Eversource Energy (NYSE:ES) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,541 shares of the utilities provider’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds also recently modified their holdings of ES. V Square Quantitative Management LLC lifted its stake in shares of Eversource Energy by 6.1% during the third quarter. V Square Quantitative Management LLC now owns 9,368 shares of the utilities provider’s stock valued at $637,000 after buying an additional 540 shares during the period. nVerses Capital LLC lifted its stake in shares of Eversource Energy by 72.9% during the third quarter. nVerses Capital LLC now owns 14,700 shares of the utilities provider’s stock valued at $1,000,000 after buying an additional 6,200 shares during the period. ZWJ Investment Counsel Inc. lifted its stake in shares of Eversource Energy by 24.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 260,600 shares of the utilities provider’s stock valued at $17,734,000 after buying an additional 50,483 shares during the period. McKinley Carter Wealth Services Inc. purchased a new position in shares of Eversource Energy during the third quarter valued at approximately $226,000. Finally, Swedbank AB lifted its stake in shares of Eversource Energy by 2.2% during the third quarter. Swedbank AB now owns 524,379 shares of the utilities provider’s stock valued at $35,684,000 after buying an additional 11,111 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Penelope M. Conner sold 500 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Eversource Energy Price Performance

ES opened at $66.13 on Monday. The company has a fifty day simple moving average of $66.45 and a 200 day simple moving average of $62.29. The firm has a market cap of $23.29 billion, a price-to-earnings ratio of -56.04, a PEG ratio of 2.49 and a beta of 0.61. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $69.01. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.90 billion. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. Equities research analysts expect that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is -242.37%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ES. Barclays increased their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Scotiabank increased their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company increased their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets cut their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $70.07.

About Eversource Energy

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.