Lido Advisors LLC Purchases 11,391 Shares of Eversource Energy $ES

Lido Advisors LLC boosted its position in Eversource Energy (NYSE:ES) by 212.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,764 shares of the utilities provider’s stock after buying an additional 11,391 shares during the quarter. Lido Advisors LLC’s holdings in Eversource Energy were worth $1,067,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in Eversource Energy during the 2nd quarter worth $26,000. Trust Co. of Toledo NA OH bought a new position in shares of Eversource Energy in the second quarter worth about $28,000. Elevation Point Wealth Partners LLC bought a new position in shares of Eversource Energy in the second quarter worth about $31,000. Hilltop National Bank acquired a new position in shares of Eversource Energy during the 2nd quarter worth about $32,000. Finally, True Wealth Design LLC lifted its position in shares of Eversource Energy by 540.0% during the 2nd quarter. True Wealth Design LLC now owns 608 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

ES opened at $66.67 on Friday. The stock’s 50 day simple moving average is $71.12 and its 200-day simple moving average is $67.11. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. The stock has a market cap of $25.01 billion, a PE ratio of 18.27, a P/E/G ratio of 2.93 and a beta of 0.76. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $75.25.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.12 by $0.07. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.Eversource Energy’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.13 earnings per share. Sell-side analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, December 17th. Eversource Energy’s payout ratio is 82.47%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ES. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Friday, October 31st. BMO Capital Markets reduced their price objective on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a research report on Thursday, November 6th. Bank of America upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $73.00 to $85.00 in a research note on Tuesday, October 21st. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Finally, Wells Fargo & Company downgraded shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $79.00 to $63.00 in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.55.

Insiders Place Their Bets

In related news, EVP James W. Hunt III sold 4,129 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.77, for a total value of $300,467.33. Following the sale, the executive vice president owned 32,415 shares of the company’s stock, valued at $2,358,839.55. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

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.