Stonebridge Financial Group LLC Invests $1.22 Million in Eversource Energy (NYSE:ES)

Stonebridge Financial Group LLC purchased a new position in Eversource Energy (NYSE:ES - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,168 shares of the utilities provider's stock, valued at approximately $1,216,000.

Several other hedge funds have also recently added to or reduced their stakes in ES. CWM LLC raised its position in Eversource Energy by 24.1% in the third quarter. CWM LLC now owns 37,181 shares of the utilities provider's stock worth $2,530,000 after purchasing an additional 7,215 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after buying an additional 198 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Eversource Energy by 442.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,271 shares of the utilities provider's stock worth $359,000 after buying an additional 4,300 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Eversource Energy during the third quarter worth approximately $114,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Eversource Energy during the third quarter worth approximately $502,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ES shares. StockNews.com lowered shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Thursday. Wells Fargo & Company dropped their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday. Barclays dropped their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a report on Monday. Finally, Scotiabank lowered their price target on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy currently has a consensus rating of "Hold" and an average price target of $67.00.

Eversource Energy Trading Down 1.5 %

ES stock traded down $0.93 during midday trading on Friday, reaching $61.57. The company's stock had a trading volume of 3,268,740 shares, compared to its average volume of 3,115,717. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01. The stock has a market cap of $22.56 billion, a PE ratio of -39.22, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The business's 50-day simple moving average is $57.91 and its 200-day simple moving average is $62.68.

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

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.89%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. Eversource Energy's dividend payout ratio (DPR) is currently -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.