Eversource Energy (NYSE:ES) Shares Bought by Somerset Trust Co

Somerset Trust Co increased its stake in Eversource Energy (NYSE:ES) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,355 shares of the utilities provider’s stock after acquiring an additional 1,680 shares during the period. Somerset Trust Co’s holdings in Eversource Energy were worth $2,030,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ES. Wellington Management Group LLP bought a new stake in Eversource Energy in the third quarter worth about $808,783,000. National Bank of Canada FI lifted its stake in Eversource Energy by 446.0% during the third quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider’s stock valued at $51,019,000 after purchasing an additional 612,421 shares during the last quarter. Millennium Management LLC boosted its holdings in Eversource Energy by 75.8% during the second quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider’s stock worth $74,142,000 after buying an additional 563,756 shares in the last quarter. Nordea Investment Management AB grew its position in Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock worth $99,554,000 after buying an additional 510,582 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ES shares. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Jefferies Financial Group started coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 price target on the stock. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their target price for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Barclays raised their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets lowered their price target 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.38.

Eversource Energy Trading Down 0.4 %

Eversource Energy stock opened at $57.91 on Friday. 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 has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The firm has a fifty day moving average price of $59.50 and a two-hundred day moving average price of $62.86.

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 analysts’ expectations of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. On average, research analysts anticipate 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 paid 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 4.94%. Eversource Energy’s payout ratio is -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.