Eversource Energy (NYSE:ES) Stock Holdings Lowered by Steph & Co.

Steph & Co. cut its position in Eversource Energy (NYSE:ES) by 28.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,775 shares of the utilities provider’s stock after selling 710 shares during the quarter. Steph & Co.’s holdings in Eversource Energy were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of Eversource Energy by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 182,524 shares of the utilities provider’s stock valued at $10,351,000 after purchasing an additional 19,410 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Eversource Energy by 397.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,981 shares of the utilities provider’s stock valued at $339,000 after buying an additional 4,779 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Eversource Energy by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,323,319 shares of the utilities provider’s stock worth $75,051,000 after buying an additional 121,663 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Eversource Energy by 4.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 48,228 shares of the utilities provider’s stock worth $2,735,000 after acquiring an additional 2,224 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Eversource Energy by 26.9% during the second quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider’s stock valued at $100,110,000 after acquiring an additional 374,458 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Up 2.7 %

ES stock opened at $58.15 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a market capitalization of $21.30 billion, a P/E ratio of -37.04, a P/E/G ratio of 2.13 and a beta of 0.62. Eversource Energy has a 52-week low of $52.09 and a 52-week high of $69.01. The company’s 50 day simple moving average is $59.56 and its 200-day simple moving average is $62.89.

Eversource Energy (NYSE:ES) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The company 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 was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. As a group, equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.715 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 4.92%. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ES shares. BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Mizuho upped their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Barclays lifted their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Finally, Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price objective for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $68.38.

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.