ST Germain D J Co. Inc. Raises Holdings in Eversource Energy (NYSE:ES)

ST Germain D J Co. Inc. boosted its stake in shares of Eversource Energy (NYSE:ES) by 18.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,335 shares of the utilities provider’s stock after purchasing an additional 5,577 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Eversource Energy were worth $2,029,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ES. Bangor Savings Bank boosted its position in shares of Eversource Energy by 41.2% during the 4th quarter. Bangor Savings Bank now owns 853 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 249 shares in the last quarter. Pensionfund Sabic boosted its position in shares of Eversource Energy by 36.6% during the 4th quarter. Pensionfund Sabic now owns 23,500 shares of the utilities provider’s stock worth $1,350,000 after acquiring an additional 6,300 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Eversource Energy by 41.7% during the 4th 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. JPMorgan Chase & Co. boosted its position in shares of Eversource Energy by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,109 shares of the utilities provider’s stock worth $96,502,000 after acquiring an additional 13,908 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Eversource Energy by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 413,874 shares of the utilities provider’s stock worth $28,164,000 after acquiring an additional 17,654 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ES. Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their target price for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Mizuho upped their target price on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. BMO Capital Markets decreased 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. Finally, Barclays increased their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.38.

Eversource Energy Stock Performance

Shares of ES stock opened at $55.69 on Friday. The company has a market cap of $20.40 billion, a price-to-earnings ratio of -35.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62. The stock has a 50 day simple moving average of $59.91 and a 200-day simple moving average of $62.87. Eversource Energy has a 12-month low of $52.09 and a 12-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.

Eversource Energy (NYSE:ES) last issued its 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. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy’s payout ratio is currently -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.