Polianta Ltd Makes New $1.07 Million Investment in Eversource Energy (NYSE:ES)

Polianta Ltd purchased a new stake in Eversource Energy (NYSE:ES) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,600 shares of the utilities provider’s stock, valued at approximately $1,068,000.

A number of other institutional investors also recently modified their holdings of the company. Landscape Capital Management L.L.C. raised its position in Eversource Energy by 46.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock valued at $2,151,000 after buying an additional 10,093 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Eversource Energy by 41.7% during the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock worth $99,554,000 after acquiring an additional 510,582 shares in the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of Eversource Energy in the third quarter valued at approximately $3,616,000. Toronto Dominion Bank lifted its position in shares of Eversource Energy by 23.2% in the second quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock worth $7,636,000 after purchasing an additional 25,377 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in Eversource Energy by 94.0% during the third quarter. Banque Cantonale Vaudoise now owns 57,425 shares of the utilities provider’s stock worth $3,908,000 after purchasing an additional 27,817 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Eversource Energy Price Performance

Shares of NYSE:ES opened at $57.91 on Friday. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The business has a fifty day simple moving average of $59.43 and a 200 day simple moving average of $62.87. 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 (NYSE:ES) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company earned $0.97 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed 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 4.94%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is currently -182.17%.

About Eversource Energy

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.