Swedbank AB lifted its holdings in shares of Eversource Energy (NYSE:ES – Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 524,379 shares of the utilities provider’s stock after buying an additional 11,111 shares during the period. Swedbank AB owned approximately 0.14% of Eversource Energy worth $35,684,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cerity Partners LLC grew its position in Eversource Energy by 32.9% in the 3rd quarter. Cerity Partners LLC now owns 127,326 shares of the utilities provider’s stock valued at $8,665,000 after buying an additional 31,517 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of Eversource Energy by 18.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 72,125 shares of the utilities provider’s stock worth $4,908,000 after acquiring an additional 11,291 shares during the period. Waddell & Associates LLC boosted its holdings in shares of Eversource Energy by 36.3% in the third quarter. Waddell & Associates LLC now owns 5,630 shares of the utilities provider’s stock valued at $383,000 after acquiring an additional 1,500 shares in the last quarter. Nwam LLC acquired a new position in shares of Eversource Energy during the third quarter valued at approximately $312,000. Finally, Landscape Capital Management L.L.C. raised its holdings in Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock worth $2,151,000 after purchasing an additional 10,093 shares in the last quarter. 79.99% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Barclays increased their price target 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. BMO Capital Markets lowered their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Bank of America lifted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley increased their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average price target of $70.46.
Eversource Energy Trading Up 0.9 %
NYSE ES opened at $63.97 on Tuesday. The firm’s 50 day moving average price is $64.59 and its two-hundred day moving average price is $62.95. The stock has a market cap of $23.44 billion, a price-to-earnings ratio of -40.75, a PEG ratio of 2.54 and a beta of 0.61. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.
Eversource Energy (NYSE:ES – Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. Equities analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.
Eversource Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio is currently -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.
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