Czech National Bank Purchases 6,641 Shares of Eversource Energy (NYSE:ES)

Czech National Bank lifted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ES. Brooklyn Investment Group acquired a new position in shares of Eversource Energy in the third quarter valued at $31,000. Ashton Thomas Securities LLC bought a new position in shares of Eversource Energy during the third quarter worth approximately $32,000. UMB Bank n.a. lifted its holdings in Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after purchasing an additional 198 shares during the last quarter. Larson Financial Group LLC boosted its stake in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in Eversource Energy in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Mizuho boosted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. BMO Capital Markets reduced their target price on shares of Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research report on Tuesday, October 15th. Scotiabank cut shares of Eversource Energy from a "sector perform" rating to a "sector underperform" rating and reduced their target price for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Finally, StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Saturday, December 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Eversource Energy has an average rating of "Hold" and an average target price of $68.38.

Eversource Energy Price Performance

NYSE ES traded up $1.54 during trading on Thursday, hitting $58.15. 2,310,251 shares of the company's stock were exchanged, compared to its average volume of 2,189,705. The company has a market cap of $21.30 billion, a PE ratio of -37.04, a P/E/G ratio of 2.13 and a beta of 0.62. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The stock's 50 day moving average price is $59.56 and its two-hundred day moving average price is $62.89. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS 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 business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. Research analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy's payout ratio is -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.