Eversource Energy (NYSE:ES) Shares Sold by My Legacy Advisors LLC

My Legacy Advisors LLC trimmed its holdings in Eversource Energy (NYSE:ES) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,964 shares of the utilities provider’s stock after selling 647 shares during the quarter. My Legacy Advisors LLC’s holdings in Eversource Energy were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Polianta Ltd bought a new stake in shares of Eversource Energy during the 4th quarter worth $1,068,000. Aaron Wealth Advisors LLC boosted its position in shares of Eversource Energy by 7.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,797 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 256 shares during the period. Verity & Verity LLC purchased a new position in Eversource Energy in the 4th quarter worth about $744,000. Brooklyn Investment Group raised its holdings in Eversource Energy by 60.1% during the 4th quarter. Brooklyn Investment Group now owns 727 shares of the utilities provider’s stock worth $42,000 after buying an additional 273 shares during the period. Finally, Somerset Trust Co lifted its stake in Eversource Energy by 5.0% during the fourth quarter. Somerset Trust Co now owns 35,355 shares of the utilities provider’s stock valued at $2,030,000 after buying an additional 1,680 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ES. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Scotiabank downgraded shares of 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. BMO Capital Markets decreased their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Mizuho lifted their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Barclays increased their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $68.38.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $57.91 on Friday. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The firm has a fifty day simple moving average of $59.43 and a 200-day simple moving average of $62.87. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, research analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Wednesday, December 18th. 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.