Eversource Energy (NYSE:ES) Position Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of Eversource Energy (NYSE:ES) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,801 shares of the utilities provider’s stock after buying an additional 6,714 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Eversource Energy were worth $5,789,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of Eversource Energy by 12.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 73,096 shares of the utilities provider’s stock valued at $4,198,000 after purchasing an additional 7,967 shares during the period. Ballentine Partners LLC increased its holdings in shares of Eversource Energy by 34.2% in the 4th quarter. Ballentine Partners LLC now owns 5,657 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 1,443 shares during the period. UMB Bank n.a. increased its holdings in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 197 shares during the period. Polianta Ltd acquired a new position in shares of Eversource Energy in the 4th quarter valued at about $1,068,000. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of Eversource Energy by 7.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,797 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 256 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on ES. Scotiabank downgraded Eversource Energy from a “sector perform” rating to a “sector underperform” rating and dropped their price objective for the stock from $66.00 to $56.00 in a report on Thursday, December 12th. Barclays dropped their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. BMO Capital Markets dropped their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Finally, Jefferies Financial Group dropped their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $67.42.

Eversource Energy Stock Down 0.6 %

ES opened at $57.37 on Thursday. Eversource Energy has a 1-year low of $52.71 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 stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of -36.54, a P/E/G ratio of 2.13 and a beta of 0.62. The business has a 50 day moving average of $58.85 and a 200-day moving average of $62.90.

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, beating the consensus estimate 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 company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the business earned $0.97 earnings per share. Eversource Energy’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio is currently -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.