Choreo LLC Reduces Holdings in Eversource Energy (NYSE:ES)

Choreo LLC lowered its position in shares of Eversource Energy (NYSE:ES) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,215 shares of the utilities provider’s stock after selling 704 shares during the quarter. Choreo LLC’s holdings in Eversource Energy were worth $299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in Eversource Energy in the third quarter worth $31,000. Ashton Thomas Securities LLC bought a new position in shares of Eversource Energy in the third quarter worth about $32,000. Larson Financial Group LLC grew its holdings 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 purchasing an additional 350 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in Eversource Energy during the 3rd quarter worth about $48,000. Finally, UMB Bank n.a. grew its holdings in Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 197 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays decreased their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Scotiabank dropped their price target on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday. Jefferies Financial Group reduced their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Finally, Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $67.00.

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $62.50 on Friday. The business has a 50-day simple moving average of $57.89 and a 200-day simple moving average of $62.68. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The company has a market cap of $22.90 billion, a PE ratio of -39.81, a P/E/G ratio of 2.25 and a beta of 0.62. Eversource Energy has a one year low of $54.75 and a one year high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast 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. Shareholders 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 of this dividend is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.82%. Eversource Energy’s dividend 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.