Eversource Energy (NYSE:ES) Position Trimmed by Bard Financial Services Inc.

Bard Financial Services Inc. trimmed its holdings in shares of Eversource Energy (NYSE:ES) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,060 shares of the utilities provider’s stock after selling 655 shares during the period. Bard Financial Services Inc.’s holdings in Eversource Energy were worth $1,209,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its stake in Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 166 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of Eversource Energy by 14.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 169 shares during the last quarter. UMB Bank n.a. raised its position in shares of Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Eversource Energy by 1.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after purchasing an additional 200 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Eversource Energy by 1.8% during the 3rd quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock valued at $812,000 after purchasing an additional 206 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ES. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and dropped their target price for the stock from $66.00 to $56.00 in a research report on Thursday, December 12th. Jefferies Financial Group assumed coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price objective on the stock. Barclays boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets dropped their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Finally, Mizuho lifted their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.38.

Eversource Energy Price Performance

NYSE:ES traded down $0.61 during midday trading on Monday, hitting $56.70. 669,338 shares of the stock were exchanged, compared to its average volume of 1,392,912. The company has a market capitalization of $20.77 billion, a price-to-earnings ratio of -36.11, a P/E/G ratio of 2.38 and a beta of 0.62. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The business has a 50-day moving average price of $60.80 and a two-hundred day moving average price of $62.99.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Sell-side analysts predict that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were issued a $0.715 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.04%. Eversource Energy’s payout ratio is currently -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.