Eversource Energy (NYSE:ES) Shares Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its position in Eversource Energy (NYSE:ES) by 7.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,797 shares of the utilities provider’s stock after purchasing an additional 256 shares during the period. Aaron Wealth Advisors LLC’s holdings in Eversource Energy were worth $218,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Verity & Verity LLC acquired a new stake in shares of Eversource Energy in the fourth quarter valued at about $744,000. Brooklyn Investment Group grew its holdings in shares of Eversource Energy by 60.1% in the fourth quarter. Brooklyn Investment Group now owns 727 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 273 shares during the period. Somerset Trust Co increased its position in shares of Eversource Energy by 5.0% during the 4th quarter. Somerset Trust Co now owns 35,355 shares of the utilities provider’s stock worth $2,030,000 after purchasing an additional 1,680 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Eversource Energy by 35.6% in the 4th quarter. Merit Financial Group LLC now owns 6,131 shares of the utilities provider’s stock valued at $352,000 after buying an additional 1,611 shares during the period. Finally, Avanza Fonder AB purchased a new stake in Eversource Energy during the fourth quarter worth about $2,168,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ES. Barclays raised their price target 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. BMO Capital Markets lowered their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their target price for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Jefferies Financial Group initiated coverage on Eversource Energy in a report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price objective on the stock. Finally, StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.38.

Eversource Energy Stock Performance

Eversource Energy stock opened at $58.27 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The stock has a fifty day moving average of $59.37 and a two-hundred day moving average of $62.96. The company has a market capitalization of $21.35 billion, a price-to-earnings ratio of -37.11, a PEG ratio of 2.21 and a beta of 0.62.

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

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy’s dividend payout ratio (DPR) is currently -182.17%.

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.