Eversource Energy (NYSE:ES) Holdings Decreased by HB Wealth Management LLC

HB Wealth Management LLC reduced its holdings in Eversource Energy (NYSE:ES) by 14.3% in the 4th quarter, Holdings Channel reports. The fund owned 11,337 shares of the utilities provider’s stock after selling 1,894 shares during the period. HB Wealth Management LLC’s holdings in Eversource Energy were worth $651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy during the third quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in Eversource Energy in the 3rd quarter worth approximately $32,000. UMB Bank n.a. boosted its stake in shares of Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares during the period. Larson Financial Group LLC grew its holdings in shares of Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Eversource Energy in the third quarter worth $48,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.7 %

ES stock opened at $58.27 on Wednesday. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of -37.11, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. The company has a 50-day moving average of $59.37 and a two-hundred day moving average of $62.96. Eversource Energy has a 52-week low of $52.09 and a 52-week 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 released its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. 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. Jefferies Financial Group started coverage on shares of Eversource Energy in a research note on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 target price for the company. Scotiabank lowered shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and dropped their price target for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Finally, Barclays lifted their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $68.38.

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.