Wealthfront Advisers LLC Increases Stock Position in Eversource Energy (NYSE:ES)

Wealthfront Advisers LLC lifted its holdings in shares of Eversource Energy (NYSE:ES) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,766 shares of the utilities provider’s stock after buying an additional 3,028 shares during the quarter. Wealthfront Advisers LLC’s holdings in Eversource Energy were worth $2,787,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ES. CSat Investment Advisory L.P. increased its holdings in shares of Eversource Energy by 245.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 650 shares of the utilities provider’s stock worth $49,000 after buying an additional 462 shares during the last quarter. Bartlett & Co. LLC increased its holdings in shares of Eversource Energy by 607.0% in the 3rd quarter. Bartlett & Co. LLC now owns 707 shares of the utilities provider’s stock worth $60,000 after buying an additional 607 shares during the last quarter. Bridger Capital Management LLC bought a new position in shares of Eversource Energy in the 3rd quarter worth $77,000. FTB Advisors Inc. increased its holdings in shares of Eversource Energy by 67.5% in the 3rd quarter. FTB Advisors Inc. now owns 1,005 shares of the utilities provider’s stock worth $86,000 after buying an additional 405 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its holdings in shares of Eversource Energy by 42.7% in the 3rd quarter. MUFG Americas Holdings Corp now owns 1,049 shares of the utilities provider’s stock worth $90,000 after buying an additional 314 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

ES stock opened at $89.80 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.54 and a current ratio of 0.59. Eversource Energy has a 52 week low of $66.68 and a 52 week high of $89.85. The firm’s fifty day moving average is $83.92 and its 200 day moving average is $81.81. The firm has a market cap of $28.73 billion, a P/E ratio of 32.30, a P/E/G ratio of 4.23 and a beta of 0.17.

Eversource Energy (NYSE:ES) last released its earnings results on Tuesday, November 5th. The utilities provider reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. Eversource Energy had a net margin of 10.46% and a return on equity of 9.28%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $0.91 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, analysts forecast that Eversource Energy will post 3.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, December 19th. Eversource Energy’s dividend payout ratio is currently 65.24%.

ES has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Eversource Energy in a report on Wednesday, December 11th. They issued a “neutral” rating and a $86.00 price target on the stock. Credit Suisse Group lowered shares of Eversource Energy from an “outperform” rating to a “neutral” rating and set a $86.00 price target on the stock. in a report on Friday, January 17th. Citigroup decreased their price target on shares of Eversource Energy from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. ValuEngine lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Goldman Sachs Group lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $81.00 to $87.00 in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.79.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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