Boston Trust Walden Corp Boosts Stake in Eversource Energy (NYSE:ES)

Boston Trust Walden Corp boosted its holdings in shares of Eversource Energy (NYSE:ES) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,002,004 shares of the utilities provider’s stock after acquiring an additional 28,725 shares during the period. Boston Trust Walden Corp’s holdings in Eversource Energy were worth $57,545,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy in the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in Eversource Energy during the third quarter worth $32,000. UMB Bank n.a. grew its holdings 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 buying an additional 198 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 350 shares during the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of Eversource Energy during the 4th quarter worth $41,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Eversource Energy Price Performance

Shares of ES opened at $57.64 on Monday. The company has a market cap of $21.12 billion, a P/E ratio of -36.71, a PEG ratio of 2.20 and a beta of 0.62. Eversource Energy has a fifty-two week low of $52.71 and a fifty-two week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average price is $58.55 and its 200 day moving average price is $62.85.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share 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 positive return on equity of 10.90% and a negative net margin of 4.73%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. On average, research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 5.22%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is -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.