Polianta Ltd Purchases New Position in Eversource Energy (NYSE:ES)

Polianta Ltd purchased a new stake in Eversource Energy (NYSE:ES) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,600 shares of the utilities provider’s stock, valued at approximately $1,068,000.

Several other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in Eversource Energy during the 3rd quarter worth about $32,000. UMB Bank n.a. increased its position in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 198 shares in the last quarter. Larson Financial Group LLC increased its position in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in shares of Eversource Energy in the third quarter worth about $48,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.4 %

Shares of NYSE:ES opened at $57.91 on Friday. The firm’s 50 day simple moving average is $59.43 and its 200 day simple moving average is $62.87. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. 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 (NYSE:ES) last issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. On average, equities research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 4.94%. Eversource Energy’s dividend payout ratio is presently -182.17%.

Analysts Set New Price Targets

Several research firms have recently commented on ES. Mizuho increased their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Barclays increased their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. 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 Eversource Energy in a report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price target on the stock. Finally, BMO Capital Markets lowered their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.38.

About Eversource Energy

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.