Oak Thistle LLC Buys Shares of 6,871 Eversource Energy (NYSE:ES)

Oak Thistle LLC purchased a new position in Eversource Energy (NYSE:ES) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,871 shares of the utilities provider’s stock, valued at approximately $395,000.

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Eversource Energy during the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Eversource Energy during the 3rd quarter valued at $32,000. UMB Bank n.a. boosted its position in shares of Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Larson Financial Group LLC grew its stake in Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in Eversource Energy during the 3rd quarter valued at about $48,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Performance

NYSE:ES opened at $58.15 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a market capitalization of $21.30 billion, a PE ratio of -37.04, a P/E/G ratio of 2.13 and a beta of 0.62. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The company has a fifty day moving average of $59.56 and a two-hundred day moving average of $62.89.

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

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is presently -182.17%.

Wall Street Analysts Forecast Growth

ES has been the subject of several recent analyst reports. Barclays raised their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Eversource Energy in a research report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 target price on the stock. Mizuho raised their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Scotiabank lowered shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and dropped their price objective for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $68.38.

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.