Bard Financial Services Inc. Invests $962,000 in Eversource Energy (NYSE:ES)

Bard Financial Services Inc. bought a new position in shares of Eversource Energy (NYSE:ES) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,116 shares of the utilities provider’s stock, valued at approximately $962,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Eversource Energy by 0.3% during the fourth quarter. BlackRock Inc. now owns 30,408,772 shares of the utilities provider’s stock worth $2,630,661,000 after purchasing an additional 84,744 shares during the period. Magellan Asset Management Ltd boosted its position in shares of Eversource Energy by 3.8% during the 4th quarter. Magellan Asset Management Ltd now owns 25,533,531 shares of the utilities provider’s stock worth $2,208,906,000 after acquiring an additional 939,501 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Eversource Energy by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,959,664 shares of the utilities provider’s stock worth $602,080,000 after acquiring an additional 30,701 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Eversource Energy by 0.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 4,636,002 shares of the utilities provider’s stock worth $401,061,000 after acquiring an additional 22,513 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $235,467,000. 76.79% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on ES. Credit Suisse Group cut their price target on shares of Eversource Energy from $82.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, January 15th. KeyCorp lowered their target price on shares of Eversource Energy from $98.00 to $93.00 and set an “overweight” rating for the company in a research note on Tuesday, January 12th. Morgan Stanley lifted their target price on shares of Eversource Energy from $79.00 to $80.00 and gave the stock an “underweight” rating in a research note on Thursday, March 25th. Finally, Wells Fargo & Company decreased their price target on shares of Eversource Energy from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $90.75.

NYSE:ES opened at $87.60 on Thursday. Eversource Energy has a one year low of $73.61 and a one year high of $96.66. The company has a market cap of $30.07 billion, a PE ratio of 24.82, a PEG ratio of 3.57 and a beta of 0.28. The firm has a 50-day moving average of $82.65 and a 200-day moving average of $86.59. 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 (NYSE:ES) last released its quarterly 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%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.23 billion. On average, equities research analysts expect that Eversource Energy will post 3.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Thursday, March 4th were issued a dividend of $0.6025 per share. The ex-dividend date was Wednesday, March 3rd. This is a boost from Eversource Energy’s previous quarterly dividend of $0.57. This represents a $2.41 annualized dividend and a yield of 2.75%. Eversource Energy’s payout ratio is 69.86%.

Eversource Energy Profile

Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.

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

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