Tyche Wealth Partners LLC Makes New $228,000 Investment in Eversource Energy (NYSE:ES)

Tyche Wealth Partners LLC purchased a new position in shares of Eversource Energy (NYSE:ES) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,690 shares of the utilities provider’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. United Capital Financial Advisers LLC lifted its position in Eversource Energy by 3.6% during the 1st quarter. United Capital Financial Advisers LLC now owns 3,880 shares of the utilities provider’s stock worth $342,000 after buying an additional 134 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in shares of Eversource Energy by 3.8% in the 1st quarter. Snowden Capital Advisors LLC now owns 4,101 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 151 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in shares of Eversource Energy by 1.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,617 shares of the utilities provider’s stock valued at $1,058,000 after purchasing an additional 162 shares during the period. Czech National Bank raised its holdings in shares of Eversource Energy by 0.3% in the 4th quarter. Czech National Bank now owns 61,182 shares of the utilities provider’s stock valued at $3,776,000 after purchasing an additional 168 shares during the period. Finally, Toroso Investments LLC raised its holdings in shares of Eversource Energy by 4.2% in the 1st quarter. Toroso Investments LLC now owns 4,484 shares of the utilities provider’s stock valued at $351,000 after purchasing an additional 179 shares during the period. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Up 0.8 %

Shares of NYSE:ES opened at $58.99 on Friday. The company’s 50 day moving average price is $58.50 and its two-hundred day moving average price is $57.78. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $79.92. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.67.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Eversource Energy will post 4.52 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.68. Eversource Energy’s dividend payout ratio is presently -226.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ES shares. Mizuho raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $54.00 to $62.00 in a report on Thursday, February 15th. BMO Capital Markets upped their target price on shares of Eversource Energy from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. StockNews.com raised shares of Eversource Energy to a “sell” rating in a report on Thursday, March 28th. The Goldman Sachs Group began coverage on shares of Eversource Energy in a report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price target on the stock. Finally, Citigroup increased their price target on shares of Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $66.08.

Insiders Place Their Bets

In related news, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the sale, the insider now owns 21,621 shares in the company, valued at approximately $1,245,369.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Linda Dorcena Forry sold 822 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the sale, the insider now owns 10,485 shares in the company, valued at approximately $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $57.60, for a total transaction of $156,326.40. Following the sale, the insider now owns 21,621 shares in the company, valued at approximately $1,245,369.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.