Cape Cod Five Cents Savings Bank Sells 336 Shares of Eversource Energy (NYSE:ES)

Cape Cod Five Cents Savings Bank decreased its position in shares of Eversource Energy (NYSE:ES) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,938 shares of the utilities provider’s stock after selling 336 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Eversource Energy were worth $540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Eversource Energy during the 3rd quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Eversource Energy in the 3rd quarter valued at about $32,000. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 198 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after buying an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Eversource Energy during the 3rd quarter valued at about $48,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Eversource Energy in a report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 price objective on the stock. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Morgan Stanley raised their price target on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Bank of America raised their price target on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, BMO Capital Markets reduced their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $69.15.

Eversource Energy Trading Up 0.8 %

NYSE ES opened at $60.25 on Tuesday. 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 twelve month low of $52.09 and a twelve month high of $69.01. The firm has a market capitalization of $22.08 billion, a PE ratio of -38.38, a P/E/G ratio of 2.39 and a beta of 0.60. The stock’s 50 day moving average is $63.69 and its 200 day moving average is $63.08.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Wednesday, December 18th. Eversource Energy’s payout ratio is -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.