Baillie Gifford & Co. Has $26.10 Million Stock Position in Eversource Energy (NYSE:ES)

Baillie Gifford & Co. lowered its holdings in shares of Eversource Energy (NYSE:ES) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 454,384 shares of the utilities provider’s stock after selling 81,803 shares during the period. Baillie Gifford & Co.’s holdings in Eversource Energy were worth $26,095,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Allworth Financial LP grew its stake in Eversource Energy by 19.6% during the fourth quarter. Allworth Financial LP now owns 9,285 shares of the utilities provider’s stock worth $518,000 after purchasing an additional 1,522 shares during the period. Principal Securities Inc. grew its stake in Eversource Energy by 24.5% during the fourth quarter. Principal Securities Inc. now owns 2,093 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 412 shares during the period. Blue Trust Inc. grew its stake in Eversource Energy by 14.0% during the fourth quarter. Blue Trust Inc. now owns 2,676 shares of the utilities provider’s stock worth $154,000 after purchasing an additional 329 shares during the period. Chevy Chase Trust Holdings LLC grew its stake in Eversource Energy by 0.3% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 193,973 shares of the utilities provider’s stock worth $11,140,000 after purchasing an additional 656 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in Eversource Energy by 19.8% during the fourth quarter. Vontobel Holding Ltd. now owns 103,239 shares of the utilities provider’s stock worth $5,929,000 after purchasing an additional 17,040 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $61.57 on Tuesday. The business’s fifty day simple moving average is $57.95 and its 200 day simple moving average is $62.62. The firm has a market capitalization of $22.56 billion, a P/E ratio of -39.22, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. As a group, analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Wall Street Analyst Weigh In

ES has been the subject of a number of research reports. Scotiabank reduced their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research note on Thursday, February 13th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Barclays reduced their price objective on 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. Wells Fargo & Company reduced their price objective on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, Jefferies Financial Group reduced their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $67.45.

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.