Eversource Energy (NYSE:ES) Stock Position Trimmed by NEXT Financial Group Inc

NEXT Financial Group Inc cut its position in Eversource Energy (NYSE:ES) by 59.7% during the 4th quarter, HoldingsChannel reports. The firm owned 1,077 shares of the utilities provider’s stock after selling 1,594 shares during the quarter. NEXT Financial Group Inc’s holdings in Eversource Energy were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Advisory Alpha LLC acquired a new position in Eversource Energy during the 3rd quarter valued at about $30,000. Birchcreek Wealth Management LLC acquired a new position in Eversource Energy during the 4th quarter valued at about $32,000. Horan Securities Inc. acquired a new position in Eversource Energy during the 4th quarter valued at about $32,000. ELM Advisors LLC acquired a new position in Eversource Energy during the 4th quarter valued at about $35,000. Finally, Adams Wealth Management acquired a new position in Eversource Energy during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 76.79% of the company’s stock.

Eversource Energy stock opened at $78.65 on Tuesday. The firm’s 50 day simple moving average is $87.18 and its 200-day simple moving average is $87.21. The company has a market cap of $26.98 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 3.57 and a beta of 0.28. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.89 and a quick ratio of 0.83. Eversource Energy has a fifty-two week low of $60.69 and a fifty-two week high of $98.92.

Eversource Energy (NYSE:ES) last released its earnings results on Tuesday, February 16th. The utilities provider reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Eversource Energy had a net margin of 13.57% and a return on equity of 8.88%. On average, analysts expect that Eversource Energy will post 3.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Thursday, March 4th will be issued a dividend of $0.6025 per share. This is a boost from Eversource Energy’s previous quarterly dividend of $0.57. This represents a $2.41 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, March 3rd. Eversource Energy’s dividend payout ratio (DPR) is currently 65.80%.

Several research firms have commented on ES. Morgan Stanley lowered their target price on shares of Eversource Energy from $83.00 to $81.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 20th. Barclays raised their target price on shares of Eversource Energy from $88.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 18th. Credit Suisse Group lowered their price objective on shares of Eversource Energy from $82.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, January 15th. Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $100.00 to $95.00 in a research note on Thursday, February 18th. Finally, KeyCorp lowered their price objective on shares of Eversource Energy from $98.00 to $93.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Eversource Energy currently has an average rating of “Hold” and a consensus price target of $90.15.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

Featured Article: Treasury Bonds

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.