Eversource Energy (NYSE:ES) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC cut its holdings in Eversource Energy (NYSE:ES) by 0.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 176,663 shares of the utilities provider’s stock after selling 239 shares during the period. Boston Common Asset Management LLC’s holdings in Eversource Energy were worth $10,146,000 at the end of the most recent reporting period.

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

Eversource Energy Stock Up 0.5 %

Eversource Energy stock traded up $0.29 during midday trading on Friday, hitting $58.41. 296,124 shares of the stock were exchanged, compared to its average volume of 2,012,533. The company has a 50 day moving average price of $59.56 and a two-hundred day moving average price of $62.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a market cap of $21.40 billion, a P/E ratio of -37.18, a P/E/G ratio of 2.13 and a beta of 0.62. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. Eversource Energy’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 annualized dividend and a dividend yield of 4.90%. Eversource Energy’s payout ratio is -182.17%.

Analyst Ratings Changes

A number of research firms have weighed in on ES. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Jefferies Financial Group began coverage on Eversource Energy in a report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 target price on the stock. Barclays upped their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets reduced their price objective on 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 increased their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.38.

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.