Nissay Asset Management Corp Japan ADV Increases Position in Eversource Energy (ES)

Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Eversource Energy (NYSE:ES) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 24,837 shares of the utilities provider’s stock after acquiring an additional 498 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Eversource Energy were worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Certified Advisory Corp grew its stake in Eversource Energy by 114.8% during the 4th quarter. Certified Advisory Corp now owns 421 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 225 shares in the last quarter. Destination Wealth Management acquired a new position in Eversource Energy in the 4th quarter valued at about $29,000. Cascade Investment Advisors Inc. acquired a new position in Eversource Energy in the 4th quarter valued at about $34,000. Oregon Public Employees Retirement Fund boosted its holdings in Eversource Energy by 6,323.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,217,214 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 2,182,698 shares during the last quarter. Finally, Mondrian Investment Partners LTD acquired a new position in Eversource Energy in the 4th quarter valued at about $47,000. 73.44% of the stock is owned by institutional investors.

Shares of ES stock opened at $70.53 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. Eversource Energy has a one year low of $52.76 and a one year high of $70.62. The company has a market capitalization of $22.27 billion, a PE ratio of 21.50, a P/E/G ratio of 3.47 and a beta of 0.32.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Eversource Energy had a return on equity of 9.22% and a net margin of 12.23%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that Eversource Energy will post 3.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th will be issued a $0.535 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, March 4th. Eversource Energy’s dividend payout ratio is currently 61.59%.

ES has been the topic of several recent analyst reports. Goldman Sachs Group upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 30th. Guggenheim reiterated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Monday, January 7th. Credit Suisse Group upgraded shares of Eversource Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $62.00 to $73.00 in a report on Tuesday, December 4th. Scotiabank lowered shares of Eversource Energy from a “sector perform” rating to an “underperform” rating in a report on Wednesday, December 12th. Finally, Barclays set a $66.00 target price on shares of Eversource Energy and gave the company a “hold” rating in a report on Saturday, November 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Eversource Energy presently has an average rating of “Buy” and an average price target of $67.00.

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Eversource Energy Profile

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

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

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