Eversource Energy (NYSE:ES) Holdings Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in Eversource Energy (NYSE:ES) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,325 shares of the utilities provider’s stock after purchasing an additional 6,918 shares during the period. Asset Management One Co. Ltd.’s holdings in Eversource Energy were worth $8,043,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Eversource Energy during the 3rd quarter valued at about $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Eversource Energy in the 3rd quarter worth approximately $32,000. Larson Financial Group LLC raised its holdings in shares of Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in Eversource Energy during the 3rd quarter valued at $48,000. Finally, UMB Bank n.a. increased its holdings in Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 197 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Down 1.5 %

NYSE ES opened at $61.57 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The company has a market cap of $22.56 billion, a price-to-earnings ratio of -39.22, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. The business’s fifty day moving average is $57.95 and its 200 day moving average is $62.62.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. As a group, sell-side analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed 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 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 (DPR) is -182.17%.

Analyst Ratings Changes

ES has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group dropped their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Barclays dropped 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. StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Scotiabank reduced their price target on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.45.

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.