Swedbank AB Purchases 30,294 Shares of Eversource Energy (NYSE:ES)

Swedbank AB increased its holdings in Eversource Energy (NYSE:ES) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 554,673 shares of the utilities provider’s stock after acquiring an additional 30,294 shares during the period. Swedbank AB’s holdings in Eversource Energy were worth $31,855,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in Eversource Energy in the third quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new position in shares of Eversource Energy in the third quarter worth $32,000. UMB Bank n.a. raised its position in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at $41,000. 79.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ES has been the topic of several recent research reports. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price objective for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. BMO Capital Markets dropped their price objective 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. Barclays cut their target price on shares of 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. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Finally, Jefferies Financial Group lowered their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $67.42.

Eversource Energy Price Performance

Shares of ES stock opened at $57.37 on Friday. Eversource Energy has a twelve month low of $52.71 and a twelve month high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The stock has a fifty day simple moving average of $58.77 and a two-hundred day simple moving average of $62.87. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of -36.54, a P/E/G ratio of 2.13 and a beta of 0.62.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The business 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 business’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. On average, analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.25%. Eversource Energy’s dividend payout ratio (DPR) is presently -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.