Eversource Energy (NYSE:ES) Shares Sold by SC&H Financial Advisors Inc.

SC&H Financial Advisors Inc. lowered its stake in shares of Eversource Energy (NYSE:ES) by 15.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,516 shares of the utilities provider’s stock after selling 1,003 shares during the period. SC&H Financial Advisors Inc.’s holdings in Eversource Energy were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ES. Wellington Management Group LLP acquired a new position in shares of Eversource Energy in the third quarter valued at approximately $808,783,000. National Bank of Canada FI boosted its position in Eversource Energy by 446.0% in the 3rd quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider’s stock valued at $51,019,000 after buying an additional 612,421 shares during the period. Nordea Investment Management AB grew its stake in shares of 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 worth $99,554,000 after acquiring an additional 510,582 shares in the last quarter. State Street Corp increased its position 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 worth $1,737,990,000 after acquiring an additional 430,587 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Eversource Energy by 518.1% in the third quarter. Retirement Systems of Alabama now owns 480,278 shares of the utilities provider’s stock valued at $32,683,000 after acquiring an additional 402,574 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ES. Barclays lowered their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. BMO Capital Markets lowered their price objective on 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. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their target price for the company from $66.00 to $56.00 in a report on Thursday, December 12th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Finally, Jefferies Financial Group dropped 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 report on Tuesday, January 28th. 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, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $67.42.

Eversource Energy Stock Performance

NYSE ES opened at $59.42 on Friday. The company has a fifty day moving average of $58.09 and a two-hundred day moving average of $62.75. Eversource Energy has a 1 year low of $52.71 and a 1 year high of $69.01. 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 (NYSE:ES) last released its quarterly earnings results 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. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. On average, equities analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.07%. Eversource Energy’s dividend payout ratio (DPR) 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.