Brooklyn Investment Group Has $42,000 Stock Holdings in Eversource Energy (NYSE:ES)

Brooklyn Investment Group lifted its stake in Eversource Energy (NYSE:ES) by 60.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 727 shares of the utilities provider’s stock after buying an additional 273 shares during the period. Brooklyn Investment Group’s holdings in Eversource Energy were worth $42,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ES. Envestnet Asset Management Inc. increased its position in shares of Eversource Energy by 11.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 182,524 shares of the utilities provider’s stock worth $10,351,000 after purchasing an additional 19,410 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Eversource Energy by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,323,319 shares of the utilities provider’s stock worth $75,051,000 after acquiring an additional 121,663 shares in the last quarter. Seven Eight Capital LP lifted its stake in Eversource Energy by 226.8% in the second quarter. Seven Eight Capital LP now owns 12,530 shares of the utilities provider’s stock valued at $711,000 after acquiring an additional 8,696 shares during the last quarter. MQS Management LLC bought a new position in shares of Eversource Energy in the 2nd quarter valued at about $234,000. Finally, Intech Investment Management LLC increased its stake in shares of Eversource Energy by 3.6% during the 2nd quarter. Intech Investment Management LLC now owns 37,972 shares of the utilities provider’s stock worth $2,153,000 after purchasing an additional 1,319 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.4 %

NYSE ES opened at $57.91 on Monday. The company has a market cap of $21.22 billion, a price-to-earnings ratio of -36.88, a PEG ratio of 2.13 and a beta of 0.62. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average of $59.43 and a 200-day moving average of $62.91.

Eversource Energy (NYSE:ES) last released its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the company posted $0.97 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal 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 4.94%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy’s payout ratio is presently -182.17%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group assumed 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. Mizuho lifted their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. BMO Capital Markets reduced their price objective on shares of 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. Finally, Barclays increased their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus 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.