Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 400 Shares of Eversource Energy (NYSE:ES)

Share on StockTwits

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Eversource Energy (NYSE:ES) by 33.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,588 shares of the utilities provider’s stock after acquiring an additional 400 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Eversource Energy were worth $135,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Harvest Group Wealth Management LLC increased its stake in shares of Eversource Energy by 1.1% in the 3rd quarter. Harvest Group Wealth Management LLC now owns 12,080 shares of the utilities provider’s stock valued at $1,032,000 after purchasing an additional 133 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Eversource Energy by 1.6% in the 3rd quarter. Wetherby Asset Management Inc. now owns 8,786 shares of the utilities provider’s stock valued at $751,000 after purchasing an additional 137 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Eversource Energy by 1.2% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 12,324 shares of the utilities provider’s stock valued at $1,053,000 after purchasing an additional 144 shares during the last quarter. Summit X LLC increased its stake in shares of Eversource Energy by 2.6% in the 3rd quarter. Summit X LLC now owns 5,824 shares of the utilities provider’s stock valued at $498,000 after purchasing an additional 145 shares during the last quarter. Finally, Cox Capital Mgt LLC increased its stake in shares of Eversource Energy by 1.5% in the 3rd quarter. Cox Capital Mgt LLC now owns 10,010 shares of the utilities provider’s stock valued at $856,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Several brokerages have recently issued reports on ES. KeyCorp decreased their price target on Eversource Energy from $95.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Janney Montgomery Scott lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday. Citigroup decreased their price target on Eversource Energy from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Goldman Sachs Group lowered Eversource Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $81.00 to $87.00 in a research report on Wednesday, January 15th. Finally, Credit Suisse Group lowered Eversource Energy from an “outperform” rating to a “neutral” rating and set a $86.00 price objective on the stock. in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Eversource Energy presently has an average rating of “Hold” and a consensus target price of $82.79.

Shares of NYSE:ES opened at $91.24 on Friday. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 4.29 and a beta of 0.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.59 and a quick ratio of 0.54. The business’s 50-day moving average is $84.24 and its 200-day moving average is $81.95. Eversource Energy has a 1 year low of $66.68 and a 1 year high of $91.27.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.26 billion. Eversource Energy had a return on equity of 9.28% and a net margin of 10.46%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Analysts anticipate that Eversource Energy will post 3.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, December 19th. Eversource Energy’s dividend payout ratio is 65.24%.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

Further Reading: Guidelines for Successful Channel Trading

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.