Eversource Energy (NYSE:ES) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its stake in Eversource Energy (NYSE:ES) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 176,663 shares of the utilities provider’s stock after selling 239 shares during the quarter. Boston Common Asset Management LLC’s holdings in Eversource Energy were worth $10,146,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of ES. State Street Corp lifted its position in Eversource Energy by 1.7% in the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock valued at $1,737,990,000 after buying an additional 430,587 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Eversource Energy in the third quarter valued at approximately $808,783,000. Geode Capital Management LLC grew its stake in shares of Eversource Energy by 3.1% during the third quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider’s stock worth $613,233,000 after purchasing an additional 268,588 shares in the last quarter. FMR LLC boosted its holdings in Eversource Energy by 2.7% in the third quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock valued at $477,647,000 after purchasing an additional 185,381 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Eversource Energy by 4.6% during 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 purchasing an additional 216,630 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Mizuho lifted their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays upped their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Finally, Jefferies Financial Group began coverage on shares of Eversource Energy in a research report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.38.

Eversource Energy Price Performance

NYSE:ES traded up $0.29 during mid-day trading on Friday, hitting $58.41. 296,124 shares of the company’s stock traded hands, compared to its average volume of 2,012,533. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The company has a market cap of $21.40 billion, a PE ratio of -37.18, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. The firm’s 50 day simple moving average is $59.56 and its 200 day simple moving average is $62.89. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01.

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, topping analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the company posted $0.97 EPS. The company’s revenue was up 9.7% on a year-over-year basis. Sell-side analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were given a $0.715 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 annualized dividend and a dividend yield of 4.90%. Eversource Energy’s dividend payout ratio is currently -182.17%.

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.