Polianta Ltd Invests $1.07 Million in Eversource Energy (NYSE:ES)

Polianta Ltd purchased a new stake in Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 18,600 shares of the utilities provider's stock, valued at approximately $1,068,000.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of Eversource Energy by 11.9% in the second quarter. Envestnet Asset Management Inc. now owns 182,524 shares of the utilities provider's stock valued at $10,351,000 after buying an additional 19,410 shares during the period. Dimensional Fund Advisors LP raised its holdings in Eversource Energy by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,323,319 shares of the utilities provider's stock valued at $75,051,000 after acquiring an additional 121,663 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Eversource Energy by 4.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 48,228 shares of the utilities provider's stock valued at $2,735,000 after acquiring an additional 2,224 shares during the period. Seven Eight Capital LP lifted its position in shares of Eversource Energy by 226.8% during the 2nd quarter. Seven Eight Capital LP now owns 12,530 shares of the utilities provider's stock valued at $711,000 after acquiring an additional 8,696 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Eversource Energy during the 2nd quarter worth $234,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Down 0.4 %

NYSE:ES traded down $0.21 on Monday, hitting $57.91. The stock had a trading volume of 2,137,868 shares, compared to its average volume of 1,805,250. 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. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The business's fifty day moving average is $59.43 and its 200 day moving average is $62.95. 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 (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.94%. The ex-dividend date was Wednesday, December 18th. Eversource Energy's dividend payout ratio is presently -182.17%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ES shares. BMO Capital Markets dropped their price target on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research note on Tuesday, October 15th. Scotiabank downgraded shares of Eversource Energy from a "sector perform" rating to a "sector underperform" rating and cut their price target for the stock from $66.00 to $56.00 in a report on Thursday, December 12th. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Saturday, December 21st. Jefferies Financial Group started coverage on shares of Eversource Energy in a research report on Tuesday, December 3rd. They set an "underperform" rating and a $52.00 price objective for the company. Finally, Barclays raised their target price on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Two equities research 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $68.38.

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.