Union Savings Bank Has $811,000 Stock Holdings in Eversource Energy (NYSE:ES)

Union Savings Bank trimmed its stake in Eversource Energy (NYSE:ES) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,114 shares of the utilities provider’s stock after selling 813 shares during the quarter. Union Savings Bank’s holdings in Eversource Energy were worth $811,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. raised its holdings in shares of Eversource Energy by 46.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock valued at $2,151,000 after purchasing an additional 10,093 shares during the period. Nordea Investment Management AB raised its stake in Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock valued at $99,554,000 after buying an additional 510,582 shares during the period. Soltis Investment Advisors LLC acquired a new stake in shares of Eversource Energy in the third quarter valued at approximately $3,616,000. Toronto Dominion Bank boosted its stake in shares of Eversource Energy by 23.2% during the 2nd quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock worth $7,636,000 after acquiring an additional 25,377 shares during the period. Finally, Banque Cantonale Vaudoise boosted its stake in shares of Eversource Energy by 94.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 57,425 shares of the utilities provider’s stock worth $3,908,000 after acquiring an additional 27,817 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

NYSE:ES opened at $57.91 on Monday. 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. The stock has a fifty day moving average price of $59.43 and a 200-day moving average price of $62.91.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were paid a $0.715 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a yield of 4.94%. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ES shares. Barclays raised their price target on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their target price for the stock from $66.00 to $56.00 in a report on Thursday, December 12th. 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 report on Wednesday, October 2nd. BMO Capital Markets cut their price objective 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. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.