Forsta AP Fonden Has $5.46 Million Position in Eversource Energy (NYSE:ES)

Forsta AP Fonden raised its stake in shares of Eversource Energy (NYSE:ES) by 0.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,000 shares of the utilities provider’s stock after acquiring an additional 400 shares during the quarter. Forsta AP Fonden’s holdings in Eversource Energy were worth $5,456,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Brown Brothers Harriman & Co. lifted its position in Eversource Energy by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 166 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Eversource Energy by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock valued at $90,000 after buying an additional 169 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Eversource Energy by 10.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock worth $107,000 after buying an additional 176 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 197 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake 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. 79.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

ES has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Jefferies Financial Group lowered their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday. Barclays reduced their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their target price for the company from $66.00 to $56.00 in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $67.42.

Eversource Energy Stock Performance

NYSE ES opened at $57.64 on Friday. Eversource Energy has a 1-year low of $52.71 and a 1-year high of $69.01. The company has a 50 day moving average of $58.66 and a 200-day moving average of $62.83. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of -36.71, a PEG ratio of 2.19 and a beta of 0.62.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. On average, equities analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 5.22%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio is currently -182.17%.

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.