Mercer Global Advisors Inc. ADV lowered its holdings in shares of Eversource Energy (NYSE:ES) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,417 shares of the utilities provider’s stock after selling 1,982 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Eversource Energy were worth $3,163,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of ES. Meridian Wealth Partners LLC bought a new position in shares of Eversource Energy in the first quarter worth approximately $25,000. BDO Wealth Advisors LLC bought a new position in shares of Eversource Energy in the first quarter worth approximately $26,000. CSat Investment Advisory L.P. lifted its stake in shares of Eversource Energy by 53.0% in the first quarter. CSat Investment Advisory L.P. now owns 355 shares of the utilities provider’s stock worth $31,000 after buying an additional 123 shares in the last quarter. Tradewinds Capital Management LLC bought a new position in shares of Eversource Energy in the second quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Eversource Energy by 246.9% in the second quarter. First Horizon Advisors Inc. now owns 614 shares of the utilities provider’s stock worth $48,000 after buying an additional 437 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of ES stock opened at $83.30 on Friday. Eversource Energy has a 12 month low of $76.64 and a 12 month high of $96.66. The stock has a market cap of $28.63 billion, a P/E ratio of 22.33, a P/E/G ratio of 3.45 and a beta of 0.31. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.11. The company has a 50 day simple moving average of $88.36 and a two-hundred day simple moving average of $85.28.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th will be given a $0.6025 dividend. The ex-dividend date is Wednesday, September 15th. This represents a $2.41 dividend on an annualized basis and a dividend yield of 2.89%. Eversource Energy’s payout ratio is currently 66.21%.
In other Eversource Energy news, insider Linda Dorcena Forry sold 625 shares of the company’s stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $87.79, for a total value of $54,868.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.
ES has been the topic of several analyst reports. Mizuho dropped their target price on shares of Eversource Energy from $85.00 to $82.00 and set an “underperform” rating on the stock in a research note on Thursday. Morgan Stanley boosted their price objective on shares of Eversource Energy from $81.00 to $85.00 and gave the company an “underweight” rating in a report on Thursday, August 19th. Credit Suisse Group assumed coverage on shares of Eversource Energy in a report on Wednesday, July 14th. They set an “underperform” rating and a $85.00 price objective for the company. Finally, Barclays boosted their price objective on shares of Eversource Energy from $90.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, May 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $88.38.
Eversource Energy Company Profile
Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.
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