Eversource Energy (NYSE:ES) Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its holdings in Eversource Energy (NYSE:ES) by 62.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,946 shares of the utilities provider’s stock after selling 18,581 shares during the quarter. Entropy Technologies LP’s holdings in Eversource Energy were worth $629,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ES. CWM LLC raised its stake in Eversource Energy by 24.1% during the 3rd quarter. CWM LLC now owns 37,181 shares of the utilities provider’s stock valued at $2,530,000 after acquiring an additional 7,215 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Eversource Energy by 62.9% in the third 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 during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Eversource Energy during the third quarter worth approximately $114,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Eversource Energy during the third quarter worth $228,000. Finally, ORG Wealth Partners LLC purchased a new position in Eversource Energy in the 3rd quarter valued at $100,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 1.9 %

ES opened at $61.61 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. The company has a market cap of $22.58 billion, a price-to-earnings ratio of -39.24, a PEG ratio of 2.25 and a beta of 0.62. Eversource Energy has a one year low of $53.76 and a one year high of $69.01. The business’s fifty day moving average is $57.93 and its two-hundred day moving average is $62.72.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. Analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 4.89%. Eversource Energy’s dividend payout ratio is currently -182.17%.

Analyst Upgrades and Downgrades

ES has been the subject of a number of analyst reports. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. BMO Capital Markets cut 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. Jefferies Financial Group lowered 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, January 28th. Scotiabank downgraded Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their target price for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Finally, Guggenheim restated a “buy” rating on shares of Eversource Energy in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.42.

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.