World Investment Advisors LLC Buys New Position in Eversource Energy (NYSE:ES)

World Investment Advisors LLC purchased a new position in Eversource Energy (NYSE:ES) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,077 shares of the utilities provider’s stock, valued at approximately $277,000.

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

Eversource Energy Price Performance

NYSE:ES opened at $56.16 on Thursday. The firm has a market cap of $20.58 billion, a PE ratio of -35.77, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The company’s 50-day moving average price is $62.80 and its two-hundred day moving average price is $63.11. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01.

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

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th will be given a dividend of $0.715 per share. The ex-dividend date is Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 5.09%. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of recent research reports. Barclays lifted their target price on 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 cut Eversource Energy from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. BMO Capital Markets reduced their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Mizuho boosted their price target 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, 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 report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.38.

About Eversource Energy

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.