Thrivent Financial for Lutherans Sells 11,976 Shares of Eversource Energy $ES

Thrivent Financial for Lutherans lessened its position in shares of Eversource Energy (NYSE:ES) by 17.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,803 shares of the utilities provider’s stock after selling 11,976 shares during the period. Thrivent Financial for Lutherans’ holdings in Eversource Energy were worth $3,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in shares of Eversource Energy in the third quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eversource Energy in the 3rd quarter worth about $27,000. Neo Ivy Capital Management bought a new position in Eversource Energy in the 2nd quarter worth about $26,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Eversource Energy in the 2nd quarter valued at about $28,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Eversource Energy during the 2nd quarter valued at about $31,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $67.30 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. The stock has a market cap of $25.25 billion, a PE ratio of 18.44, a PEG ratio of 2.30 and a beta of 0.77. The company’s fifty day moving average is $68.08 and its 200 day moving average is $68.32. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a yield of 4.7%. Eversource Energy’s payout ratio is presently 82.47%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ES shares. TD Cowen assumed coverage on shares of Eversource Energy in a research report on Thursday, October 16th. They issued a “hold” rating and a $76.00 price objective on the stock. Mizuho reissued a “neutral” rating and issued a $68.00 price target (down previously from $81.00) on shares of Eversource Energy in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. BMO Capital Markets reduced their target price on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating on the stock in a research note on Thursday, November 6th. Finally, Scotiabank lowered their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Eversource Energy has an average rating of “Hold” and an average price target of $71.50.

Eversource Energy Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.