Yousif Capital Management LLC Purchases 2,831 Shares of Eversource Energy (NYSE:ES)

Yousif Capital Management LLC lifted its position in Eversource Energy (NYSE:ES – Get Rating) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,185 shares of the utilities provider’s stock after acquiring an additional 2,831 shares during the quarter. Yousif Capital Management LLC’s holdings in Eversource Energy were worth $5,800,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ronald Blue Trust Inc. grew its stake in shares of Eversource Energy by 571.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 329 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 280 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Eversource Energy by 293.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 366 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 273 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Eversource Energy in the 3rd quarter worth $35,000. CI Investments Inc. grew its stake in shares of Eversource Energy by 983.3% in the 3rd quarter. CI Investments Inc. now owns 455 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 413 shares in the last quarter. Finally, Coston McIsaac & Partners bought a new stake in shares of Eversource Energy in the 2nd quarter worth $44,000. Institutional investors own 77.37% of the company’s stock.

Eversource Energy Price Performance

NYSE ES opened at $75.91 on Friday. The company has a market cap of $26.45 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45. Eversource Energy has a 52 week low of $70.54 and a 52 week high of $94.63. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 1.27. The firm’s 50-day simple moving average is $79.27 and its two-hundred day simple moving average is $80.92.

Eversource Energy (NYSE:ES – Get Rating) last announced its quarterly earnings results on Monday, February 13th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.02). Eversource Energy had a return on equity of 9.38% and a net margin of 11.43%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Research analysts predict that Eversource Energy will post 4.37 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 2nd will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.56%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, March 1st. Eversource Energy’s dividend payout ratio is presently 66.83%.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of Eversource Energy from $90.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. Wolfe Research downgraded shares of Eversource Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 21st. UBS Group boosted their price target on shares of Eversource Energy from $77.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, December 1st. Evercore ISI raised shares of Eversource Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $86.00 to $92.00 in a report on Tuesday, January 24th. Finally, Citigroup cut their price target on shares of Eversource Energy from $91.00 to $86.00 and set a “neutral” rating on the stock in a report on Thursday, February 16th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $89.00.

Insider Transactions at Eversource Energy

In other news, insider Faasen William C. Van sold 1,943 shares of the stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $81.08, for a total value of $157,538.44. Following the sale, the insider now directly owns 18,841 shares of the company’s stock, valued at $1,527,628.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.38% of the company’s stock.

About Eversource Energy

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