Oak Thistle LLC Buys New Stake in Eversource Energy (NYSE:ES)

Oak Thistle LLC acquired a new position in Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,871 shares of the utilities provider's stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Landscape Capital Management L.L.C. increased its position in shares of Eversource Energy by 46.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider's stock valued at $2,151,000 after purchasing an additional 10,093 shares during the last quarter. Nordea Investment Management AB increased its position in Eversource Energy by 41.7% during the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock valued at $99,554,000 after acquiring an additional 510,582 shares during the last quarter. Soltis Investment Advisors LLC bought a new position in Eversource Energy during the third quarter valued at $3,616,000. Toronto Dominion Bank raised its stake in shares of Eversource Energy by 23.2% in the second quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider's stock valued at $7,636,000 after acquiring an additional 25,377 shares during the period. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Eversource Energy by 94.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 57,425 shares of the utilities provider's stock worth $3,908,000 after acquiring an additional 27,817 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ES. Jefferies Financial Group initiated coverage on shares of Eversource Energy in a research report on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price objective on the stock. Scotiabank downgraded Eversource Energy from a "sector perform" rating to a "sector underperform" rating and reduced their price target for the stock from $66.00 to $56.00 in a report on Thursday, December 12th. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Saturday, December 21st. Barclays upped their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Finally, Mizuho lifted their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $68.38.

Eversource Energy Stock Down 0.4 %

Eversource Energy stock traded down $0.21 during midday trading on Friday, hitting $57.91. 2,137,868 shares of the company's stock were exchanged, compared to its average volume of 2,185,001. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. 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 company has a market cap of $21.22 billion, a PE ratio of -36.88, a P/E/G ratio of 2.13 and a beta of 0.62. The firm has a 50-day moving average of $59.50 and a two-hundred day moving average of $62.86.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. The firm had revenue of $3.06 billion for 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 company's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. As a group, analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date was Wednesday, December 18th. Eversource Energy's payout ratio is currently -182.17%.

About Eversource Energy

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.