CFS Investment Advisory Services LLC Has $282,000 Stock Position in Eversource Energy (NYSE:ES)

CFS Investment Advisory Services LLC cut its holdings in shares of Eversource Energy (NYSE:ES) by 31.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,911 shares of the utilities provider’s stock after selling 2,258 shares during the period. CFS Investment Advisory Services LLC’s holdings in Eversource Energy were worth $282,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Verity & Verity LLC bought a new position in Eversource Energy in the 4th quarter valued at approximately $744,000. Landscape Capital Management L.L.C. increased its holdings in shares of Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock worth $2,151,000 after buying an additional 10,093 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Eversource Energy by 41.7% in the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock valued at $99,554,000 after acquiring an additional 510,582 shares during the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of Eversource Energy during the 3rd quarter valued at $3,616,000. Finally, Toronto Dominion Bank grew its position in Eversource Energy by 23.2% during the 2nd quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock worth $7,636,000 after acquiring an additional 25,377 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Scotiabank downgraded Eversource Energy from a “sector perform” rating to a “sector underperform” rating and dropped their target price for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Jefferies Financial Group started coverage on shares of Eversource Energy in a research report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price target for the company. BMO Capital Markets cut their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Finally, Barclays decreased their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.83.

Eversource Energy Price Performance

Shares of ES opened at $56.31 on Friday. The firm has a market cap of $20.63 billion, a PE ratio of -35.87, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. Eversource Energy has a 52-week low of $52.71 and a 52-week high of $69.01. The business’s 50 day moving average price is $59.01 and its two-hundred day moving average price is $62.86. 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 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 for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. Eversource Energy’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. On average, equities analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s payout ratio is -182.17%.

Eversource Energy 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.