Bard Financial Services Inc. Grows Stake in Eversource Energy (NYSE:ES)

Bard Financial Services Inc. lifted its stake in shares of Eversource Energy (NYSE:ES) by 244.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,715 shares of the utilities provider’s stock after purchasing an additional 15,419 shares during the period. Bard Financial Services Inc.’s holdings in Eversource Energy were worth $1,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wellington Management Group LLP acquired a new position in Eversource Energy during the third quarter worth about $808,783,000. Los Angeles Capital Management LLC boosted its position in Eversource Energy by 201.4% during the second quarter. Los Angeles Capital Management LLC now owns 974,665 shares of the utilities provider’s stock worth $55,273,000 after acquiring an additional 651,263 shares during the last quarter. National Bank of Canada FI boosted its position in Eversource Energy by 446.0% during the third quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider’s stock worth $51,019,000 after acquiring an additional 612,421 shares during the last quarter. Millennium Management LLC boosted its position in Eversource Energy by 75.8% during the second quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider’s stock worth $74,142,000 after acquiring an additional 563,756 shares during the last quarter. Finally, State Street Corp boosted its position in Eversource Energy by 1.7% during the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock worth $1,737,990,000 after acquiring an additional 430,587 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

ES has been the topic of a number of recent research reports. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Bank of America boosted their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. BMO Capital Markets decreased their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Barclays boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.15.

Eversource Energy Price Performance

Eversource Energy stock opened at $60.54 on Wednesday. The firm has a market cap of $22.18 billion, a PE ratio of -38.56, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. Eversource Energy has a 52-week low of $52.09 and a 52-week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The company’s 50 day moving average is $63.69 and its two-hundred day moving average is $63.08.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the business earned $0.97 EPS. The company’s revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be issued a $0.715 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.72%. Eversource Energy’s payout ratio is -182.17%.

Eversource Energy Profile

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.