ST Germain D J Co. Inc. Grows Position in Eversource Energy (NYSE:ES)

ST Germain D J Co. Inc. grew its stake in shares of Eversource Energy (NYSE:ES) by 18.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,335 shares of the utilities provider’s stock after acquiring an additional 5,577 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Eversource Energy were worth $2,029,000 at the end of the most recent reporting period.

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

Eversource Energy Stock Down 1.8 %

Shares of NYSE ES opened at $55.69 on Friday. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The firm has a market cap of $20.40 billion, a price-to-earnings ratio of -35.47, a PEG ratio of 2.38 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The stock’s 50-day simple moving average is $59.91 and its 200-day simple moving average is $62.87.

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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. As a group, equities analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 5.14%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is currently -182.17%.

Wall Street Analyst Weigh In

ES has been the topic of a number of research analyst reports. Barclays lifted their target price on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their price objective for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. BMO Capital Markets cut their price objective on 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. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Finally, Mizuho raised their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $68.38.

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.