Eversource Energy (NYSE:ES) Shares Acquired by Boston Trust Walden Corp

by · The Cerbat Gem

Boston Trust Walden Corp lifted its stake in shares of Eversource Energy (NYSE:ES – Free Report) by 14.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,039,458 shares of the utilities provider’s stock after buying an additional 129,906 shares during the period. Boston Trust Walden Corp owned approximately 0.30% of Eversource Energy worth $60,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Capital Financial Advisers LLC boosted its position in Eversource Energy by 3.6% during the first quarter. United Capital Financial Advisers LLC now owns 3,880 shares of the utilities provider’s stock worth $342,000 after acquiring an additional 134 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in Eversource Energy by 4.9% during the second quarter. Gateway Investment Advisers LLC now owns 3,133 shares of the utilities provider’s stock worth $222,000 after acquiring an additional 145 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in Eversource Energy by 3.8% in the 1st quarter. Snowden Capital Advisors LLC now owns 4,101 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 151 shares during the last quarter. Signaturefd LLC grew its stake in shares of Eversource Energy by 2.4% in the 2nd quarter. Signaturefd LLC now owns 6,444 shares of the utilities provider’s stock valued at $457,000 after buying an additional 151 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Eversource Energy by 0.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,789 shares of the utilities provider’s stock worth $2,184,000 after buying an additional 151 shares during the last quarter. 80.83% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.1 %

NYSE:ES opened at $61.04 on Tuesday. The firm has a market cap of $21.32 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 2.82 and a beta of 0.57. The stock has a fifty day moving average price of $57.74 and a 200 day moving average price of $63.17. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $86.84. The company has a current ratio of 0.56, a quick ratio of 0.50 and a debt-to-equity ratio of 1.41.

Eversource Energy (NYSE:ES – Get Free Report) last released its earnings results on Monday, November 6th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). Eversource Energy had a net margin of 9.52% and a return on equity of 9.64%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. Sell-side analysts anticipate that Eversource Energy will post 4.35 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Friday, December 15th. Eversource Energy’s dividend payout ratio (DPR) is currently 80.84%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ES shares. Evercore ISI lowered Eversource Energy from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $84.00 to $65.00 in a research report on Tuesday, November 7th. Scotiabank lowered Eversource Energy from a “sector outperform” rating to a “sector perform” rating and set a $60.00 price objective for the company. in a research report on Monday, October 16th. Guggenheim lowered Eversource Energy from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research report on Friday, October 13th. StockNews.com started coverage on Eversource Energy in a research report on Thursday, October 5th. They issued a “sell” rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on Eversource Energy from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.00.

Get Our Latest Research Report on Eversource Energy

Eversource Energy Profile

(Free Report)

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.

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