Eversource Energy (NYSE:ES) Shares Bought by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC raised its position in Eversource Energy (NYSE:ES) by 0.3% in the 4th quarter, Holdings Channel reports. The fund owned 193,973 shares of the utilities provider’s stock after acquiring an additional 656 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Eversource Energy were worth $11,140,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter worth approximately $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Eversource Energy during the third quarter worth $32,000. Larson Financial Group LLC increased its stake in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Eversource Energy in the third quarter worth $48,000. Finally, UMB Bank n.a. increased its stake in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after buying an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ES shares. Scotiabank lowered their target price on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research note on Thursday. StockNews.com downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Thursday. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Wells Fargo & Company dropped their target price on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Barclays dropped their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.45.

Eversource Energy Price Performance

Eversource Energy stock opened at $61.57 on Monday. 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 has a 52 week low of $54.75 and a 52 week high of $69.01. The stock has a market capitalization of $22.56 billion, a P/E ratio of -39.22, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. The stock has a fifty day moving average of $57.95 and a 200-day moving average of $62.63.

Eversource Energy (NYSE:ES) last released its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. On average, sell-side analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 4.89%. Eversource Energy’s payout ratio is presently -182.17%.

Eversource Energy Company 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.