Ashton Thomas Securities LLC Makes New $32,000 Investment in Eversource Energy (NYSE:ES)

Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy (NYSE:ES) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 466 shares of the utilities provider’s stock, valued at approximately $32,000.

Other hedge funds have also recently made changes to their positions in the company. Lynx Investment Advisory bought a new stake in Eversource Energy during the 2nd quarter valued at about $25,000. UMB Bank n.a. raised its holdings in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 198 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Eversource Energy in the 1st quarter valued at approximately $43,000. MFA Wealth Advisors LLC purchased a new stake in Eversource Energy during the 3rd quarter valued at $48,000. Finally, Addison Advisors LLC increased its holdings in shares of Eversource Energy by 27.4% in the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 185 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Up 1.0 %

NYSE ES opened at $61.47 on Friday. The stock’s 50-day moving average price is $65.48 and its 200-day moving average price is $62.84. The company has a market capitalization of $22.52 billion, a P/E ratio of -39.15, a price-to-earnings-growth ratio of 2.42 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. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01.

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, beating the consensus estimate of $1.08 by $0.05. The business 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 company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. On average, equities research analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.715 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.65%. Eversource Energy’s payout ratio is -182.17%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley lifted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Mizuho increased their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $70.46.

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.