Asset Management One Co. Ltd. Has $8.04 Million Stake in Eversource Energy (NYSE:ES)

Asset Management One Co. Ltd. lifted its holdings in Eversource Energy (NYSE:ES) by 5.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 140,325 shares of the utilities provider’s stock after acquiring an additional 6,918 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Eversource Energy were worth $8,043,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ES. Brown Brothers Harriman & Co. raised its holdings in shares of Eversource Energy by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock worth $418,000 after purchasing an additional 166 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 176 shares during the period. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 197 shares during the period. Louisiana State Employees Retirement System raised 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 period. Finally, Signaturefd LLC raised its holdings in shares of Eversource Energy by 1.8% in the 3rd quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock worth $812,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Jefferies Financial Group lowered their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Scotiabank decreased 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 report on Thursday, February 13th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $67.45.

Eversource Energy Stock Performance

NYSE ES opened at $61.57 on Tuesday. The company has a 50-day simple moving average of $57.95 and a two-hundred day simple moving average of $62.62. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of -39.22, a PEG ratio of 2.25 and a beta of 0.62.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. On average, equities analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a $0.7525 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is presently -182.17%.

About Eversource Energy

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.