Code Waechter LLC Purchases 355 Shares of Eversource Energy (NYSE:ES)

Code Waechter LLC grew its holdings in Eversource Energy (NYSE:ES) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,606 shares of the utilities provider’s stock after purchasing an additional 355 shares during the quarter. Code Waechter LLC’s holdings in Eversource Energy were worth $896,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ES. Brooklyn Investment Group bought a new position in Eversource Energy during the third quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $32,000. UMB Bank n.a. boosted its stake in Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 198 shares during the last quarter. Larson Financial Group LLC grew its holdings in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new stake in Eversource Energy in the third quarter worth $48,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ES shares. BMO Capital Markets lowered their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price objective for the stock from $66.00 to $56.00 in a research report on Thursday, December 12th. Mizuho raised their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Jefferies Financial Group began coverage on shares of 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, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.38.

Eversource Energy Stock Up 0.6 %

ES stock opened at $55.95 on Tuesday. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The stock has a market capitalization of $20.50 billion, a price-to-earnings ratio of -35.64, a PEG ratio of 2.38 and a beta of 0.62. The business’s fifty day moving average price is $59.76 and its two-hundred day moving average price is $62.94.

Eversource Energy (NYSE:ES) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. On average, equities analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy’s payout ratio is presently -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.