Crews Bank & Trust Takes $85,000 Position in Eversource Energy (NYSE:ES)

Crews Bank & Trust purchased a new position in shares of Eversource Energy (NYSE:ES) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,482 shares of the utilities provider’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ES. Brooklyn Investment Group acquired a new position in shares of Eversource Energy during the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in Eversource Energy in the 3rd quarter valued at $32,000. UMB Bank n.a. lifted its holdings in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 198 shares in the last quarter. Larson Financial Group LLC boosted its stake in Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 350 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in shares of Eversource Energy during the fourth quarter worth $41,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 0.4 %

Shares of ES stock opened at $57.64 on Friday. The company has a 50-day moving average of $58.66 and a two-hundred day moving average of $62.83. The firm has a market cap of $21.12 billion, a PE ratio of -36.71, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. Eversource Energy has a 1-year low of $52.71 and a 1-year high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. On average, analysts predict that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 5.22%. Eversource Energy’s dividend payout ratio is -182.17%.

Wall Street Analyst Weigh In

ES has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday. BMO Capital Markets lowered their target price 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. Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their price target for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Barclays lowered their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.42.

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.