U.S. Capital Wealth Advisors LLC Acquires 2,037 Shares of Eversource Energy (NYSE:ES)

U.S. Capital Wealth Advisors LLC raised its holdings in shares of Eversource Energy (NYSE:ES) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,572 shares of the utilities provider’s stock after purchasing an additional 2,037 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Eversource Energy were worth $8,418,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brooklyn Investment Group bought a new position in shares of Eversource Energy in the third quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new position in Eversource Energy in the 3rd quarter worth approximately $32,000. UMB Bank n.a. lifted 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 boosted its stake in Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Eversource Energy in the 3rd quarter worth $48,000. 79.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Eversource Energy Stock Up 0.4 %

NYSE ES opened at $57.64 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a 52 week low of $52.71 and a 52 week high of $69.01. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of -36.71, a PEG ratio of 2.19 and a beta of 0.62. The company has a fifty day moving average of $58.55 and a two-hundred day moving average of $62.84.

Eversource Energy (NYSE:ES) last issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. The company 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 firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. On average, analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Increases Dividend

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