Baker Ellis Asset Management LLC Lowers Position in Eversource Energy (NYSE:ES)

Baker Ellis Asset Management LLC cut its holdings in shares of Eversource Energy (NYSE:ES) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,409 shares of the utilities provider’s stock after selling 1,280 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Eversource Energy were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Brown Brothers Harriman & Co. grew its position in Eversource Energy by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock valued at $418,000 after acquiring an additional 166 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in Eversource Energy by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 169 shares in the last quarter. UMB Bank n.a. grew its position in Eversource Energy by 38.4% in the 4th 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 in the last quarter. Louisiana State Employees Retirement System grew its position in Eversource Energy by 1.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock valued at $1,368,000 after acquiring an additional 200 shares in the last quarter. Finally, Signaturefd LLC grew its position in Eversource Energy by 1.8% in the 3rd quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock valued at $812,000 after acquiring an additional 206 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Trading Down 4.2 %

Shares of NYSE ES opened at $55.80 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The stock has a 50 day moving average of $59.32 and a two-hundred day moving average of $62.97.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is currently -182.17%.

Analyst Ratings Changes

Several equities analysts have weighed in on ES shares. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Barclays dropped their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday. Jefferies Financial Group assumed coverage on Eversource Energy in a research report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 price objective for the company. Scotiabank downgraded 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 report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $67.83.

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.