SG Americas Securities LLC Sells 102,824 Shares of Eversource Energy (NYSE:ES)

SG Americas Securities LLC decreased its holdings in shares of Eversource Energy (NYSE:ES) by 90.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,377 shares of the utilities provider’s stock after selling 102,824 shares during the period. SG Americas Securities LLC’s holdings in Eversource Energy were worth $653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verity & Verity LLC bought a new position in Eversource Energy in the 4th quarter worth about $744,000. Nordea Investment Management AB lifted its stake in shares of Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock worth $99,554,000 after buying an additional 510,582 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock valued at $2,151,000 after buying an additional 10,093 shares during the last quarter. Soltis Investment Advisors LLC bought a new stake in shares of Eversource Energy during the third quarter valued at approximately $3,616,000. Finally, Nisa Investment Advisors LLC raised its holdings in Eversource Energy by 12.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 73,096 shares of the utilities provider’s stock worth $4,198,000 after acquiring an additional 7,967 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of research analyst reports. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. BMO Capital Markets dropped their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Jefferies Financial Group reduced their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday. Barclays cut their target price on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Finally, Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the stock from $66.00 to $56.00 in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.42.

Eversource Energy Stock Up 0.2 %

NYSE ES opened at $57.37 on Friday. 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 52 week low of $52.71 and a 52 week high of $69.01. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of -36.54, a PEG ratio of 2.13 and a beta of 0.62. The company has a fifty day moving average of $58.77 and a two-hundred day moving average of $62.87.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. On average, analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 5.25%. Eversource Energy’s dividend payout ratio (DPR) 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.