12,959 Shares in Eversource Energy (NYSE:ES) Purchased by Verity & Verity LLC

Verity & Verity LLC acquired a new position in Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,959 shares of the utilities provider's stock, valued at approximately $744,000.

Several other large investors have also recently made changes to their positions in ES. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy during the 3rd quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new stake in Eversource Energy during the 3rd quarter valued at approximately $32,000. UMB Bank n.a. boosted its holdings in Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 198 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after buying an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $48,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Down 0.4 %

Shares of Eversource Energy stock traded down $0.21 during trading hours on Friday, reaching $57.91. 2,137,868 shares of the company were exchanged, compared to its average volume of 1,805,250. The firm has a market cap of $21.22 billion, a PE ratio of -36.88, a PEG ratio of 2.13 and a beta of 0.62. The stock's fifty day moving average is $59.43 and its 200 day moving average is $62.91. Eversource Energy has a 1 year low of $52.09 and a 1 year 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.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, equities research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy's payout ratio is -182.17%.

Analyst Ratings Changes

ES has been the topic of a number of analyst reports. Scotiabank cut Eversource Energy from a "sector perform" rating to a "sector underperform" rating and dropped their target price for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Mizuho increased 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. StockNews.com upgraded 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 note on Tuesday, December 3rd. They set an "underperform" rating and a $52.00 target price on the stock. Finally, Barclays upped their price target on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.