Brooklyn Investment Group Acquires 273 Shares of Eversource Energy (NYSE:ES)

Brooklyn Investment Group lifted its holdings in shares of Eversource Energy (NYSE:ES) by 60.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 727 shares of the utilities provider’s stock after acquiring an additional 273 shares during the period. Brooklyn Investment Group’s holdings in Eversource Energy were worth $42,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Eversource Energy by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 182,524 shares of the utilities provider’s stock worth $10,351,000 after purchasing an additional 19,410 shares during the period. Dimensional Fund Advisors LP boosted its stake in Eversource Energy by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,323,319 shares of the utilities provider’s stock valued at $75,051,000 after buying an additional 121,663 shares in the last quarter. Seven Eight Capital LP grew its position in Eversource Energy by 226.8% in the second quarter. Seven Eight Capital LP now owns 12,530 shares of the utilities provider’s stock valued at $711,000 after acquiring an additional 8,696 shares during the period. MQS Management LLC acquired a new position in Eversource Energy during the second quarter worth $234,000. Finally, Intech Investment Management LLC lifted its holdings in shares of Eversource Energy by 3.6% during the second quarter. Intech Investment Management LLC now owns 37,972 shares of the utilities provider’s stock valued at $2,153,000 after acquiring an additional 1,319 shares during the period. 79.99% of the stock is owned by institutional investors.

Eversource Energy Price Performance

Shares of ES stock opened at $57.91 on Monday. The firm’s 50 day moving average price is $59.43 and its two-hundred day moving average price is $62.91. The stock has a market cap of $21.22 billion, a PE ratio of -36.88, a PEG ratio of 2.13 and a beta of 0.62. Eversource Energy has a 52-week low of $52.09 and a 52-week high of $69.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy (NYSE:ES) last announced 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is currently -182.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the stock from $66.00 to $56.00 in a research report on Thursday, December 12th. Mizuho lifted their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets decreased their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.38.

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.