Eversource Energy (NYSE:ES) Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC boosted its holdings in Eversource Energy (NYSE:ES) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,944 shares of the utilities provider’s stock after purchasing an additional 387 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Eversource Energy were worth $1,547,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ES. Exchange Traded Concepts LLC grew its stake in Eversource Energy by 10.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 176 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Eversource Energy by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 100,801 shares of the utilities provider’s stock worth $5,789,000 after acquiring an additional 6,714 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of 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 acquiring an additional 7,967 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Eversource Energy by 34.2% in the 4th quarter. Ballentine Partners LLC now owns 5,657 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 1,443 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Eversource Energy by 38.4% during 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. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.1 %

Shares of ES stock opened at $56.31 on Friday. Eversource Energy has a 1 year low of $52.71 and a 1 year high of $69.01. The firm has a market capitalization of $20.63 billion, a PE ratio of -35.87, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. The stock has a fifty day moving average of $59.01 and a two-hundred day moving average of $62.86. 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 (NYSE:ES) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The business 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%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. As a group, research 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. Investors of record on Wednesday, December 18th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.08%. Eversource Energy’s dividend payout ratio is presently -182.17%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Mizuho boosted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. BMO Capital Markets cut their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on Eversource Energy in a research note on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 target price for the company. Finally, Barclays dropped their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $67.83.

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.