Fort L.P. bought a new position in shares of Eversource Energy (NYSE:ES) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,285 shares of the utilities provider’s stock, valued at approximately $84,000.
A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of Eversource Energy by 100,075.7% in the third quarter. Bank of New York Mellon Corp now owns 15,640,429 shares of the utilities provider’s stock valued at $960,950,000 after buying an additional 15,624,816 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Eversource Energy by 6,196.5% in the fourth quarter. Commonwealth Bank of Australia now owns 2,325,159 shares of the utilities provider’s stock valued at $151,213,000 after buying an additional 2,288,231 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Eversource Energy by 6,323.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,217,214 shares of the utilities provider’s stock valued at $34,000 after buying an additional 2,182,698 shares in the last quarter. BlackRock Inc. grew its stake in shares of Eversource Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 28,130,030 shares of the utilities provider’s stock valued at $1,829,577,000 after buying an additional 661,442 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Eversource Energy by 41.0% in the fourth quarter. California Public Employees Retirement System now owns 1,772,728 shares of the utilities provider’s stock valued at $115,298,000 after buying an additional 515,184 shares in the last quarter. 73.38% of the stock is owned by institutional investors.
ES has been the subject of a number of recent research reports. Guggenheim reiterated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Monday, January 7th. Bank of America lowered Eversource Energy from a “neutral” rating to an “underperform” rating and set a $68.00 target price for the company. in a report on Monday, February 25th. Macquarie upgraded Eversource Energy from a “neutral” rating to an “outperform” rating and set a $73.00 target price for the company in a report on Monday, March 4th. Barclays set a $66.00 target price on Eversource Energy and gave the company a “hold” rating in a report on Saturday, November 17th. Finally, Zacks Investment Research lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $69.18.
Shares of NYSE ES opened at $71.73 on Friday. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 3.59 and a beta of 0.31. The company has a quick ratio of 0.50, a current ratio of 0.56 and a debt-to-equity ratio of 1.07. Eversource Energy has a 1 year low of $52.76 and a 1 year high of $71.96.
Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, February 20th. The utilities provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.02). Eversource Energy had a return on equity of 9.18% and a net margin of 12.23%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Eversource Energy will post 3.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.51. Eversource Energy’s payout ratio is 65.24%.
About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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