Sumitomo Mitsui Trust Group Inc. raised its holdings in Eversource Energy (NYSE:ES - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 823,144 shares of the utilities provider's stock after buying an additional 14,771 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Eversource Energy worth $47,273,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Eversource Energy in the third quarter valued at approximately $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. increased its stake 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 purchasing an additional 198 shares during the period. Larson Financial Group LLC increased its stake in shares of Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after purchasing an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC bought a new position in shares of Eversource Energy during the third quarter worth approximately $48,000. Institutional investors own 79.99% of the company's stock.
Eversource Energy Price Performance
Shares of ES stock traded down $0.93 during trading hours 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. The firm's 50 day simple moving average is $57.91 and its 200-day simple moving average is $62.68. The company has a market capitalization of $22.56 billion, a price-to-earnings ratio of -39.22, a PEG ratio of 2.25 and a beta of 0.62. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. 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 earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Sell-side analysts forecast that Eversource Energy will post 4.56 earnings per share for the current year.
Eversource Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 4.89%. Eversource Energy's dividend payout ratio (DPR) is -182.17%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on ES. Jefferies Financial Group lowered their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research note on Monday. Wells Fargo & Company lowered their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com lowered Eversource Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Scotiabank lowered their price objective on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday. Three investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $67.00.
View Our Latest Analysis on ES
About Eversource Energy
(
Free Report)
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.
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