Quent Capital LLC Has $108,000 Position in Eversource Energy (NYSE:ES)

Quent Capital LLC raised its position in shares of Eversource Energy (NYSE:ES) by 34.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,885 shares of the utilities provider’s stock after purchasing an additional 488 shares during the quarter. Quent Capital LLC’s holdings in Eversource Energy were worth $108,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Eversource Energy by 1.7% in the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock worth $1,737,990,000 after acquiring an additional 430,587 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Eversource Energy in the third quarter worth $808,783,000. Geode Capital Management LLC increased its stake in shares of Eversource Energy by 3.1% in the third quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider’s stock worth $613,233,000 after acquiring an additional 268,588 shares during the last quarter. FMR LLC increased its stake in shares of Eversource Energy by 2.7% in the third quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock worth $477,647,000 after acquiring an additional 185,381 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Eversource Energy by 4.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,956,214 shares of the utilities provider’s stock worth $337,270,000 after acquiring an additional 216,630 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Down 2.9 %

ES stock opened at $59.68 on Thursday. 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 52-week low of $53.76 and a 52-week high of $69.01. The company has a 50-day moving average of $57.94 and a two-hundred day moving average of $62.70. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of -38.01, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. As a group, equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ES shares. Jefferies Financial Group dropped their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and dropped their price target for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a report on Monday. Barclays decreased their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Two 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.42.

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.