Eversource Energy (NYSE:ES) Short Interest Update

Eversource Energy (NYSE:ES) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 5,310,000 shares, a growth of 10.2% from the December 15th total of 4,820,000 shares. Based on an average daily volume of 2,110,000 shares, the days-to-cover ratio is presently 2.5 days.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ES shares. Mizuho raised their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. BMO Capital Markets lowered their price objective on shares of 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 downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price target for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Finally, Barclays boosted their target price on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $68.38.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Eversource Energy in the third quarter worth $31,000. Ashton Thomas Securities LLC purchased a new position in Eversource Energy during the third quarter valued at $32,000. UMB Bank n.a. boosted its holdings in shares of Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC bought a new position in shares of Eversource Energy in the 3rd quarter worth about $48,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.4 %

Shares of ES traded down $0.21 during mid-day trading on Monday, hitting $57.91. 2,137,868 shares of the company’s stock traded hands, compared to its average volume of 1,805,250. 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 firm has a market capitalization of $21.22 billion, a P/E ratio of -36.88, a PEG ratio of 2.13 and a beta of 0.62. The business’s 50-day moving average price is $59.43 and its 200-day moving average price is $62.95. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. As a group, sell-side 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 Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.94%. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Eversource Energy Company 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.