Czech National Bank Raises Stock Holdings in Eversource Energy (NYSE:ES)

Czech National Bank raised its stake in shares of Eversource Energy (NYSE:ES) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,444 shares of the utilities provider’s stock after acquiring an additional 6,641 shares during the period. Czech National Bank’s holdings in Eversource Energy were worth $4,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC grew its holdings in shares of Eversource Energy by 1,585.1% in the second quarter. Acadian Asset Management LLC now owns 11,728 shares of the utilities provider’s stock valued at $663,000 after purchasing an additional 11,032 shares in the last quarter. Choreo LLC acquired a new position in Eversource Energy during the 2nd quarter worth $317,000. Envestnet Asset Management Inc. raised its position in Eversource Energy by 11.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 182,524 shares of the utilities provider’s stock valued at $10,351,000 after purchasing an additional 19,410 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Eversource Energy by 397.6% in the second quarter. Brown Brothers Harriman & Co. now owns 5,981 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 4,779 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Eversource Energy by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,323,319 shares of the utilities provider’s stock worth $75,051,000 after purchasing an additional 121,663 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on ES shares. Jefferies Financial Group started coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 price objective on the stock. BMO Capital Markets reduced their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their price objective for the stock from $66.00 to $56.00 in a research report on Thursday, December 12th. Mizuho raised their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Two 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. According to data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and an average price target of $68.38.

Eversource Energy Trading Up 1.2 %

Shares of ES opened at $56.63 on Thursday. The company has a market capitalization of $20.75 billion, a P/E ratio of -36.07, a P/E/G ratio of 2.38 and a beta of 0.62. 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 stock has a 50-day moving average price of $59.64 and a 200 day moving average price of $62.94. Eversource Energy has a one year low of $52.09 and a one year high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the company earned $0.97 earnings per share. Eversource Energy’s quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were given a $0.715 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a yield of 5.05%. Eversource Energy’s dividend payout ratio is presently -182.17%.

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.