Eversource Energy (NYSE:ES) Stock Position Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in Eversource Energy (NYSE:ES – Get Rating) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,116 shares of the utilities provider’s stock after acquiring an additional 147 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Eversource Energy were worth $1,603,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $25,000. Piershale Financial Group Inc. purchased a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $26,000. Point72 Hong Kong Ltd purchased a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $35,000. CI Investments Inc. increased its stake in Eversource Energy by 983.3% in the 3rd quarter. CI Investments Inc. now owns 455 shares of the utilities provider’s stock valued at $35,000 after buying an additional 413 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in Eversource Energy by 25.9% in the 3rd quarter. Tortoise Investment Management LLC now owns 685 shares of the utilities provider’s stock valued at $53,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 77.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ES shares. Citigroup dropped their price objective on shares of Eversource Energy from $91.00 to $86.00 and set a “neutral” rating on the stock in a research note on Thursday, February 16th. BMO Capital Markets upped their price objective on shares of Eversource Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research note on Friday, April 14th. Morgan Stanley upped their price objective on shares of Eversource Energy from $82.00 to $86.00 and gave the company an “equal weight” rating in a research note on Thursday, April 20th. Mizuho cut their price target on shares of Eversource Energy from $87.00 to $79.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. Finally, Evercore ISI upgraded shares of Eversource Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $86.00 to $92.00 in a report on Tuesday, January 24th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.58.

Eversource Energy Trading Down 0.6 %

ES opened at $73.17 on Friday. The company has a market cap of $25.52 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 2.66 and a beta of 0.46. Eversource Energy has a fifty-two week low of $70.54 and a fifty-two week high of $94.41. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $77.25 and a 200 day simple moving average of $79.58.

Eversource Energy (NYSE:ES – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Eversource Energy had a net margin of 11.52% and a return on equity of 9.51%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Eversource Energy will post 4.36 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, May 18th will be paid a $0.675 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.70 annualized dividend and a dividend yield of 3.69%. Eversource Energy’s dividend payout ratio is currently 64.75%.

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.