Entropy Technologies LP Lowers Position in Eversource Energy (NYSE:ES)

Entropy Technologies LP reduced its stake in Eversource Energy (NYSE:ES) by 62.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,946 shares of the utilities provider’s stock after selling 18,581 shares during the period. Entropy Technologies LP’s holdings in Eversource Energy were worth $629,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy in the 3rd quarter valued at $31,000. Ashton Thomas Securities LLC purchased a new stake in Eversource Energy during the third quarter worth about $32,000. UMB Bank n.a. lifted its position 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 lifted its position 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 in the last quarter. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Eversource Energy in the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ES shares. Jefferies Financial Group reduced their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their target price for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Barclays lowered their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research report on Monday. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.42.

Eversource Energy Stock Up 1.9 %

ES stock opened at $61.61 on Wednesday. The stock has a market cap of $22.58 billion, a P/E ratio of -39.24, a PEG ratio of 2.25 and a beta of 0.62. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a twelve month low of $53.76 and a twelve month high of $69.01. The company’s 50 day moving average is $57.93 and its two-hundred day moving average is $62.72.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. Research analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.89%. Eversource Energy’s dividend payout ratio is -182.17%.

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.