Brooklyn Investment Group Makes New Investment in Eversource Energy (NYSE:ES)

Brooklyn Investment Group acquired a new stake in Eversource Energy (NYSE:ES) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 454 shares of the utilities provider’s stock, valued at approximately $31,000.

A number of other hedge funds have also recently made changes to their positions in the business. Lynx Investment Advisory bought a new position in Eversource Energy during the 2nd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Eversource Energy in the third quarter valued at about $32,000. UMB Bank n.a. lifted its position in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 198 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC bought a new stake in Eversource Energy in the 3rd quarter worth about $48,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ES has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target 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. Morgan Stanley lifted their target price on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Barclays increased their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Bank of America lifted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $70.58.

Eversource Energy Stock Performance

NYSE ES opened at $64.49 on Friday. The company’s 50 day simple moving average is $64.33 and its two-hundred day simple moving average is $63.02. 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 stock has a market capitalization of $23.63 billion, a PE ratio of -41.08, a P/E/G ratio of 2.58 and a beta of 0.61.

Eversource Energy (NYSE:ES) last issued 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. The company 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 revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. Analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is -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.