Strategic Investment Advisors MI increased its holdings in Eversource Energy (NYSE:ES) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,560 shares of the utilities provider’s stock after acquiring an additional 152 shares during the quarter. Strategic Investment Advisors MI’s holdings in Eversource Energy were worth $308,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Advisory Alpha LLC purchased a new stake in Eversource Energy during the 3rd quarter worth $30,000. ELM Advisors LLC purchased a new stake in Eversource Energy during the 4th quarter worth $35,000. Adams Wealth Management purchased a new stake in Eversource Energy during the 3rd quarter worth $39,000. Hall Laurie J Trustee purchased a new stake in Eversource Energy during the 3rd quarter worth $42,000. Finally, CVA Family Office LLC purchased a new stake in Eversource Energy during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.
Several equities research analysts have recently weighed in on ES shares. Morgan Stanley dropped their target price on shares of Eversource Energy from $89.00 to $83.00 and set an “underweight” rating for the company in a research report on Tuesday, December 15th. KeyCorp dropped their target price on shares of Eversource Energy from $98.00 to $93.00 and set an “overweight” rating for the company in a research report on Tuesday. Credit Suisse Group boosted their target price on shares of Eversource Energy from $81.00 to $82.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 3rd. Bank of America raised shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $87.00 target price for the company in a research report on Monday, October 5th. Finally, BidaskClub downgraded shares of Eversource Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.60.
Eversource Energy (NYSE:ES) last posted its earnings results on Friday, November 6th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. Eversource Energy had a net margin of 13.57% and a return on equity of 8.88%. Eversource Energy’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. Research analysts expect that Eversource Energy will post 3.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Tuesday, December 22nd were paid a $0.5675 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.57. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Monday, December 21st. Eversource Energy’s dividend payout ratio is currently 65.80%.
About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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