Thomasville National Bank Reduces Stake in Eversource Energy (NYSE:ES)

Thomasville National Bank lowered its stake in Eversource Energy (NYSE:ES) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,686 shares of the utilities provider’s stock after selling 600 shares during the quarter. Thomasville National Bank’s holdings in Eversource Energy were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in Eversource Energy during the third quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy during the 3rd quarter valued at about $32,000. UMB Bank n.a. grew its holdings 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 in the last quarter. Larson Financial Group LLC increased its position 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 purchasing an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC purchased a new stake in Eversource Energy in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.6 %

Shares of NYSE ES opened at $55.95 on Tuesday. The firm’s fifty day moving average is $59.76 and its 200 day moving average is $62.94. Eversource Energy has a 52 week low of $52.09 and a 52 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. The company has a market cap of $20.50 billion, a price-to-earnings ratio of -35.64, a PEG ratio of 2.38 and a beta of 0.62.

Eversource Energy (NYSE:ES) 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 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 company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. On average, equities research analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 5.11%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio (DPR) is currently -182.17%.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research reports. BMO Capital Markets cut their price target on shares of 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. Jefferies Financial Group began coverage on Eversource Energy in a research note on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 target price on the stock. Mizuho lifted their price target on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their price objective for the stock from $66.00 to $56.00 in a report on Thursday, December 12th. Finally, Barclays raised their price objective 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.38.

Eversource Energy Company 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.