Eversource Energy (NYSE:ES) Holdings Lowered by Bard Financial Services Inc.

Bard Financial Services Inc. lowered its stake in Eversource Energy (NYSE:ES) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,060 shares of the utilities provider’s stock after selling 655 shares during the quarter. Bard Financial Services Inc.’s holdings in Eversource Energy were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pensionfund Sabic increased its position in shares of Eversource Energy by 36.6% in the fourth quarter. Pensionfund Sabic now owns 23,500 shares of the utilities provider’s stock worth $1,350,000 after acquiring an additional 6,300 shares in the last quarter. Nordea Investment Management AB boosted its stake in Eversource Energy by 41.7% in the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock worth $99,554,000 after purchasing an additional 510,582 shares during the period. JPMorgan Chase & Co. grew its position in Eversource Energy by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,109 shares of the utilities provider’s stock worth $96,502,000 after purchasing an additional 13,908 shares in the last quarter. Principal Financial Group Inc. raised its stake in Eversource Energy by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 413,874 shares of the utilities provider’s stock valued at $28,164,000 after purchasing an additional 17,654 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Eversource Energy by 8.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 5,954 shares of the utilities provider’s stock valued at $404,000 after buying an additional 458 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Down 1.1 %

Shares of ES stock traded down $0.61 on Monday, hitting $56.70. The company’s stock had a trading volume of 669,338 shares, compared to its average volume of 1,392,912. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of -36.11, a P/E/G ratio of 2.38 and a beta of 0.62. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The firm’s fifty day moving average price is $60.80 and its 200-day moving average price is $62.99. 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 (NYSE:ES) last announced its quarterly earnings results 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. The company 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 business’s quarterly 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 earnings per share. Research analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.715 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 5.04%. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ES. Barclays increased their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Scotiabank lowered shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price target for the stock from $66.00 to $56.00 in a research report on Thursday, December 12th. BMO Capital Markets lowered their price objective on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Mizuho increased their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group began coverage on shares of Eversource Energy in a research note on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.38.

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.