Code Waechter LLC Has $896,000 Stock Holdings in Eversource Energy (NYSE:ES)

Code Waechter LLC raised its stake in Eversource Energy (NYSE:ES) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,606 shares of the utilities provider’s stock after buying an additional 355 shares during the period. Code Waechter LLC’s holdings in Eversource Energy were worth $896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nordea Investment Management AB raised its holdings in Eversource Energy by 41.7% in the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock valued at $99,554,000 after buying an additional 510,582 shares during the last quarter. Landscape Capital Management L.L.C. increased its position in Eversource Energy by 46.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock valued at $2,151,000 after acquiring an additional 10,093 shares during the period. Soltis Investment Advisors LLC bought a new position in shares of Eversource Energy during the third quarter valued at $3,616,000. Toronto Dominion Bank lifted its holdings in shares of Eversource Energy by 23.2% during the second quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock worth $7,636,000 after purchasing an additional 25,377 shares during the period. Finally, State Street Corp grew its stake in shares of Eversource Energy by 1.7% in the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock worth $1,737,990,000 after purchasing an additional 430,587 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of several recent research reports. BMO Capital Markets cut 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. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Mizuho raised their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Scotiabank lowered shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price objective for the company from $66.00 to $56.00 in a research note on Thursday, December 12th. Finally, Barclays lifted 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 note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $68.38.

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $55.95 on Tuesday. The business has a 50-day simple moving average of $59.76 and a 200 day simple moving average of $62.94. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of -35.64, a PEG ratio of 2.38 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a one year low of $52.09 and a one year high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS 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 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 previous year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 5.11%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is currently -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.