Everett Harris & Co. CA Buys 4,500 Shares of Eversource Energy (NYSE:ES)

Everett Harris & Co. CA lifted its stake in Eversource Energy (NYSE:ES) by 125.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,093 shares of the utilities provider’s stock after purchasing an additional 4,500 shares during the quarter. Everett Harris & Co. CA’s holdings in Eversource Energy were worth $465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ES. Verity & Verity LLC purchased a new position in Eversource Energy during the 4th quarter valued at $744,000. Nordea Investment Management AB boosted its stake in shares of Eversource Energy by 41.7% during the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock valued at $99,554,000 after purchasing an additional 510,582 shares during the period. Landscape Capital Management L.L.C. grew its holdings in shares of Eversource Energy by 46.9% in the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock worth $2,151,000 after purchasing an additional 10,093 shares during the last quarter. Soltis Investment Advisors LLC purchased a new position in Eversource Energy in the 3rd quarter worth about $3,616,000. Finally, Nisa Investment Advisors LLC increased its stake in Eversource Energy by 12.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 73,096 shares of the utilities provider’s stock worth $4,198,000 after buying an additional 7,967 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.4 %

NYSE:ES opened at $57.64 on Friday. The company’s 50-day simple moving average is $58.55 and its 200-day simple moving average is $62.82. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. 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 $21.12 billion, a P/E ratio of -36.71, a P/E/G ratio of 2.19 and a beta of 0.62.

Eversource Energy (NYSE:ES) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. The company had revenue of $3.06 billion during 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%. Eversource Energy’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. On average, equities analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently -182.17%.

Analyst Ratings Changes

A number of equities analysts have commented on ES shares. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and dropped their target price for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Jefferies Financial Group dropped their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Barclays decreased 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, January 22nd. BMO Capital Markets dropped their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.