3,810 Shares in Eversource Energy (NYSE:ES) Acquired by Custom Index Systems LLC

Custom Index Systems LLC acquired a new stake in Eversource Energy (NYSE:ES) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,810 shares of the utilities provider’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Eversource Energy by 1.7% during the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock valued at $1,737,990,000 after acquiring an additional 430,587 shares during the period. Wellington Management Group LLP acquired a new position in Eversource Energy during the 3rd quarter valued at about $808,783,000. Geode Capital Management LLC boosted its stake in shares of Eversource Energy by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider’s stock valued at $613,233,000 after purchasing an additional 268,588 shares during the last quarter. FMR LLC grew its position in shares of Eversource Energy by 2.7% during the 3rd quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock worth $477,647,000 after buying an additional 185,381 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Eversource Energy by 4.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,956,214 shares of the utilities provider’s stock worth $337,270,000 after buying an additional 216,630 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Eversource Energy Price Performance

NYSE ES opened at $57.64 on Friday. 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 has a 52-week low of $52.71 and a 52-week high of $69.01. The business has a 50 day simple moving average of $58.55 and a 200 day simple moving average of $62.82. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of -36.71, a PEG ratio of 2.19 and a beta of 0.62.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.97 earnings per share. Analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently -182.17%.

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.