Northcape Wealth Management LLC Has $1.76 Million Position in Eversource Energy (NYSE:ES)

Northcape Wealth Management LLC raised its position in Eversource Energy (NYSE:ES) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,625 shares of the utilities provider’s stock after purchasing an additional 272 shares during the period. Northcape Wealth Management LLC’s holdings in Eversource Energy were worth $1,759,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ES. Exchange Traded Concepts LLC acquired a new stake in shares of Eversource Energy during the third quarter worth about $114,000. Creative Planning increased its stake in Eversource Energy by 6.7% during the 3rd quarter. Creative Planning now owns 86,160 shares of the utilities provider’s stock worth $5,863,000 after purchasing an additional 5,417 shares in the last quarter. Net Worth Advisory Group bought a new stake in Eversource Energy during the 3rd quarter worth approximately $221,000. Blue Trust Inc. raised its holdings in Eversource Energy by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock worth $160,000 after buying an additional 1,349 shares during the period. Finally, Resonant Capital Advisors LLC bought a new position in Eversource Energy in the third quarter valued at approximately $207,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ES has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Barclays dropped their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Scotiabank cut their target price on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research note on Thursday, February 13th. Finally, Jefferies Financial Group reduced their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $67.45.

Eversource Energy Trading Down 0.3 %

Shares of Eversource Energy stock opened at $61.36 on Wednesday. The stock has a market cap of $22.48 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.36 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. The business’s 50 day moving average is $57.99 and its 200-day moving average is $62.55.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 11.04%. Equities research analysts predict that Eversource Energy will post 4.76 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a $0.7525 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is 123.81%.

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.