Eversource Energy (NYSE:ES) – Equities researchers at Williams Capital issued their Q1 2019 earnings estimates for Eversource Energy in a research report issued on Friday, according to Zacks Investment Research. Williams Capital analyst C. Ellinghaus expects that the utilities provider will earn $0.93 per share for the quarter. Williams Capital has a “Buy” rating and a $66.00 price target on the stock. Williams Capital also issued estimates for Eversource Energy’s Q2 2019 earnings at $0.80 EPS, Q3 2019 earnings at $0.99 EPS and Q4 2019 earnings at $0.92 EPS.
Several other research analysts have also weighed in on the stock. Morgan Stanley lowered shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and set a $63.00 target price on the stock. in a research report on Tuesday. Bank of America reduced their price target on shares of Eversource Energy from $64.00 to $59.00 and set an “underperform” rating on the stock in a report on Friday, February 2nd. Citigroup downgraded shares of Eversource Energy from a “neutral” rating to a “sell” rating in a report on Friday, February 2nd. Janney Montgomery Scott downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, UBS Group began coverage on shares of Eversource Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $66.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $63.63.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 6th will be paid a dividend of $0.505 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 5th. This represents a $2.02 annualized dividend and a dividend yield of 3.51%. Eversource Energy’s dividend payout ratio is presently 61.69%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its stake in shares of Eversource Energy by 1.7% during the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after buying an additional 32 shares during the period. Calton & Associates Inc. purchased a new position in shares of Eversource Energy during the fourth quarter valued at approximately $119,000. Risk Paradigm Group LLC lifted its stake in shares of Eversource Energy by 111.7% during the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock valued at $128,000 after buying an additional 1,117 shares during the period. Resources Investment Advisors Inc. raised its stake in Eversource Energy by 131.7% during the fourth quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 1,185 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its stake in Eversource Energy by 80.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 938 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.
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About Eversource Energy
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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