Cable Hill Partners LLC Purchases 380 Shares of Eversource Energy (NYSE:ES)

Cable Hill Partners LLC lifted its position in Eversource Energy (NYSE:ES) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,219 shares of the utilities provider’s stock after acquiring an additional 380 shares during the quarter. Cable Hill Partners LLC’s holdings in Eversource Energy were worth $287,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lynx Investment Advisory purchased a new position in Eversource Energy during the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in Eversource Energy during the 3rd quarter valued at about $32,000. UMB Bank n.a. increased its position in Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 198 shares during the period. Pathway Financial Advisers LLC purchased a new position in Eversource Energy during the 1st quarter valued at about $43,000. Finally, MFA Wealth Advisors LLC purchased a new position in Eversource Energy during the 3rd quarter valued at about $48,000. Institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ES shares. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Mizuho lifted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Scotiabank boosted their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays upped their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Bank of America boosted their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and an average target price of $70.46.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $61.47 on Friday. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average is $65.48 and its two-hundred day moving average is $62.84.

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 the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

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

Eversource Energy Company 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.