Union Savings Bank Sells 813 Shares of Eversource Energy (NYSE:ES)

Union Savings Bank lowered its holdings in shares of Eversource Energy (NYSE:ES) by 5.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,114 shares of the utilities provider’s stock after selling 813 shares during the period. Union Savings Bank’s holdings in Eversource Energy were worth $811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ES. UMB Bank n.a. boosted its position in Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 197 shares during the last quarter. Polianta Ltd bought a new stake in shares of Eversource Energy during the 4th quarter valued at about $1,068,000. Aaron Wealth Advisors LLC grew its stake in Eversource Energy by 7.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,797 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 256 shares during the period. Verity & Verity LLC acquired a new stake in Eversource Energy during the fourth quarter worth approximately $744,000. Finally, Brooklyn Investment Group increased its holdings in Eversource Energy by 60.1% in the fourth quarter. Brooklyn Investment Group now owns 727 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 273 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $57.91 on Monday. 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 stock has a fifty day simple moving average of $59.43 and a 200 day simple moving average of $62.91. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01.

Eversource Energy (NYSE:ES) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.94%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is presently -182.17%.

Eversource Energy 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.