Waverton Investment Management Ltd increased its holdings in shares of Eversource Energy (NYSE:ES) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,777 shares of the utilities provider’s stock after buying an additional 429 shares during the period. Waverton Investment Management Ltd’s holdings in Eversource Energy were worth $766,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ES. Paradigm Asset Management Co. LLC purchased a new stake in Eversource Energy during the 3rd quarter worth approximately $58,000. Sound Income Strategies LLC acquired a new position in Eversource Energy during the 4th quarter worth approximately $75,000. Chicago Partners Investment Group LLC acquired a new position in Eversource Energy during the 3rd quarter worth approximately $117,000. O Brien Wealth Partners LLC grew its holdings in Eversource Energy by 175.3% during the 3rd quarter. O Brien Wealth Partners LLC now owns 1,963 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 1,250 shares in the last quarter. Finally, TLP Group LLC acquired a new position in Eversource Energy during the 3rd quarter worth approximately $122,000. 73.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Eversource Energy stock traded down $0.43 during trading hours on Monday, hitting $65.56. The company had a trading volume of 4,515 shares, compared to its average volume of 1,408,371. Eversource Energy has a twelve month low of $52.76 and a twelve month high of $70.53. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. The stock has a market cap of $20.52 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 3.17 and a beta of 0.25.
Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, November 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.03. Eversource Energy had a net margin of 12.51% and a return on equity of 9.32%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts forecast that Eversource Energy will post 3.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Tuesday, December 18th were issued a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, December 17th. Eversource Energy’s payout ratio is 64.95%.
Several research firms have commented on ES. ValuEngine upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Morgan Stanley set a $66.00 price target on shares of Eversource Energy and gave the stock a “hold” rating in a report on Thursday, October 11th. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to an “underperform” rating in a report on Wednesday, December 12th. Citigroup boosted their price target on shares of Eversource Energy from $59.00 to $63.00 and gave the stock a “hold” rating in a report on Tuesday, September 25th. Finally, Credit Suisse Group upgraded shares of Eversource Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $62.00 to $73.00 in a report on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.91.
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About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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