Greenleaf Trust Sells 1,398 Shares of Eversource Energy (NYSE:ES)

Greenleaf Trust reduced its stake in Eversource Energy (NYSE:ES) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,165 shares of the utilities provider’s stock after selling 1,398 shares during the quarter. Greenleaf Trust’s holdings in Eversource Energy were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ES. Brooklyn Investment Group purchased a new stake in Eversource Energy in the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy in the third quarter valued at $32,000. UMB Bank n.a. increased its stake in Eversource Energy by 62.9% in the third 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 during the last quarter. Larson Financial Group LLC increased its stake in Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 350 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in Eversource Energy in the fourth quarter valued at $41,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Down 0.7 %

NYSE ES opened at $58.08 on Wednesday. Eversource Energy has a fifty-two week low of $52.71 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a 50 day simple moving average of $58.44 and a two-hundred day simple moving average of $62.83. The stock has a market cap of $21.28 billion, a P/E ratio of -36.99, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter last year, the business posted $0.97 EPS. The business’s revenue was up 9.7% on a year-over-year basis. On average, analysts forecast that Eversource Energy will post 4.56 earnings per share for the current 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 $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 5.18%. Eversource Energy’s dividend payout ratio is -182.17%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ES shares. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their target price for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Jefferies Financial Group lowered their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Finally, Barclays lowered their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.42.

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.