Beaumont Financial Advisors LLC Sells 367 Shares of Eversource Energy (NYSE:ES)

Beaumont Financial Advisors LLC lessened its stake in shares of Eversource Energy (NYSE:ES) by 7.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,639 shares of the utilities provider’s stock after selling 367 shares during the period. Beaumont Financial Advisors LLC’s holdings in Eversource Energy were worth $266,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Eversource Energy by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 182,524 shares of the utilities provider’s stock worth $10,351,000 after buying an additional 19,410 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Eversource Energy by 10.1% during the second 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 during the last quarter. Pacer Advisors Inc. increased its position in Eversource Energy by 4.8% during the second quarter. Pacer Advisors Inc. now owns 24,800 shares of the utilities provider’s stock worth $1,406,000 after buying an additional 1,142 shares during the last quarter. Magnetar Financial LLC acquired a new position in Eversource Energy during the second quarter worth approximately $291,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Eversource Energy by 60.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,971 shares of the utilities provider’s stock worth $3,798,000 after buying an additional 25,264 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ES. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Barclays decreased their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Mizuho upped their target price on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Scotiabank downgraded 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. Finally, Jefferies Financial Group initiated coverage on Eversource Energy in a research report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.83.

Eversource Energy Stock Up 1.0 %

NYSE ES opened at $56.33 on Friday. The business has a fifty day moving average price of $59.22 and a two-hundred day moving average price of $62.91. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a fifty-two week low of $52.71 and a fifty-two week high of $69.01. The stock has a market capitalization of $20.64 billion, a PE ratio of -35.88, a PEG ratio of 2.23 and a beta of 0.62.

Eversource Energy (NYSE:ES) last released its 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 analysts’ expectations of $3.06 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal 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. This represents a $2.86 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy’s payout ratio is presently -182.17%.

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.