Private Trust Co. NA Grows Stock Position in Eversource Energy (NYSE:ES)

Private Trust Co. NA raised its holdings in shares of Eversource Energy (NYSE:ES) by 37.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,073 shares of the utilities provider’s stock after acquiring an additional 840 shares during the quarter. Private Trust Co. NA’s holdings in Eversource Energy were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its stake in Eversource Energy by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 466,254 shares of the utilities provider’s stock valued at $27,869,000 after buying an additional 6,556 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Eversource Energy by 1.8% in the first quarter. Tidal Investments LLC now owns 13,611 shares of the utilities provider’s stock worth $809,000 after acquiring an additional 243 shares during the last quarter. Swedbank AB purchased a new stake in shares of Eversource Energy in the first quarter valued at $31,928,000. Burney Co. boosted its stake in shares of Eversource Energy by 9.2% during the first quarter. Burney Co. now owns 33,328 shares of the utilities provider’s stock valued at $1,992,000 after acquiring an additional 2,807 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Eversource Energy by 283.2% during the 1st quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider’s stock worth $5,443,000 after purchasing an additional 67,300 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

NYSE ES opened at $64.59 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The firm has a market capitalization of $23.67 billion, a P/E ratio of -41.14, a P/E/G ratio of 2.56 and a beta of 0.61. The business’s 50-day simple moving average is $64.39 and its 200-day simple moving average is $62.98.

Eversource Energy (NYSE:ES) last released its quarterly earnings data 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. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. Eversource Energy’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts predict that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ES shares. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Morgan Stanley lifted their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Bank of America boosted their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Barclays raised their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Mizuho increased their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $70.46.

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.