Aigen Investment Management LP Trims Stock Position in Eversource Energy (NYSE:ES)

Aigen Investment Management LP trimmed its stake in shares of Eversource Energy (NYSE:ES) by 2.9% in the third quarter, Holdings Channel reports. The fund owned 8,821 shares of the utilities provider’s stock after selling 263 shares during the period. Aigen Investment Management LP’s holdings in Eversource Energy were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its position in Eversource Energy by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock valued at $90,000 after buying an additional 169 shares during the last quarter. Addison Advisors LLC increased its stake in shares of Eversource Energy by 27.4% during the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 185 shares during the period. Bar Harbor Wealth Management lifted its position in Eversource Energy by 4.1% in the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 190 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Eversource Energy by 2.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 192 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Eversource Energy by 62.9% during 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 during the period. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ES has been the subject of several recent analyst reports. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets reduced their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Scotiabank boosted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company increased their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $70.46.

Eversource Energy Trading Up 0.4 %

Shares of ES opened at $60.82 on Thursday. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $65.63 and a 200-day simple moving average of $62.86. The stock has a market cap of $22.28 billion, a price-to-earnings ratio of -38.74, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

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 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 quarter last year, the business posted $0.97 earnings per share. Eversource Energy’s revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is -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.