Bard Financial Services Inc. Boosts Holdings in Eversource Energy (NYSE:ES)

Bard Financial Services Inc. lifted its stake in Eversource Energy (NYSE:ES) by 244.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 21,715 shares of the utilities provider’s stock after acquiring an additional 15,419 shares during the period. Bard Financial Services Inc.’s holdings in Eversource Energy were worth $1,478,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its position in Eversource Energy by 4.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,378 shares of the utilities provider’s stock worth $986,000 after purchasing an additional 718 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Eversource Energy by 1.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 53,820 shares of the utilities provider’s stock worth $3,052,000 after purchasing an additional 678 shares during the last quarter. ORG Partners LLC purchased a new position in Eversource Energy during the 2nd quarter worth $83,000. Welch Group LLC purchased a new position in Eversource Energy during the 2nd quarter worth $337,000. Finally, Brown Lisle Cummings Inc. grew its position in Eversource Energy by 289.9% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,316 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 1,722 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on ES shares. Bank of America raised their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Scotiabank lifted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group assumed coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 target price on the stock. Mizuho lifted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.15.

Eversource Energy Trading Up 0.5 %

ES opened at $60.54 on Wednesday. The stock has a market capitalization of $22.18 billion, a PE ratio of -38.56, a P/E/G ratio of 2.39 and a beta of 0.60. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The firm’s fifty day moving average price is $63.69 and its 200 day moving average price is $63.08. 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 (NYSE:ES) last issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, research analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th will be given a $0.715 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a yield of 4.72%. Eversource Energy’s dividend payout ratio is presently -182.17%.

Eversource Energy Company 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.