Strategy Asset Managers LLC purchased a new position in Eversource Energy (NYSE:ES – Get Rating) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,186 shares of the utilities provider's stock, valued at approximately $248,000.
A number of other institutional investors also recently made changes to their positions in ES. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Eversource Energy by 35.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,653 shares of the utilities provider's stock worth $3,233,000 after acquiring an additional 9,559 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Eversource Energy in the 1st quarter worth approximately $182,000. Tcwp LLC acquired a new stake in shares of Eversource Energy in the 1st quarter worth approximately $34,000. Van ECK Associates Corp lifted its stake in shares of Eversource Energy by 8.0% in the 1st quarter. Van ECK Associates Corp now owns 66,294 shares of the utilities provider's stock worth $5,846,000 after acquiring an additional 4,885 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Eversource Energy by 31.4% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 53,980 shares of the utilities provider's stock worth $4,761,000 after acquiring an additional 12,885 shares during the period. 78.40% of the stock is owned by institutional investors and hedge funds.
Get Eversource Energy alerts:Wall Street Analyst Weigh In
A number of research firms recently commented on ES. Guggenheim dropped their target price on shares of Eversource Energy from $97.00 to $82.00 in a report on Monday, October 24th. StockNews.com began coverage on shares of Eversource Energy in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. UBS Group boosted their target price on shares of Eversource Energy from $77.00 to $83.00 and gave the stock a "neutral" rating in a report on Thursday, December 1st. Wells Fargo & Company boosted their target price on shares of Eversource Energy to $99.00 in a report on Wednesday. Finally, Morgan Stanley boosted their target price on shares of Eversource Energy from $84.00 to $89.00 and gave the stock an "equal weight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $89.36.
Eversource Energy Stock Down 1.6 %
ES stock opened at $82.78 on Friday. The firm has a market capitalization of $28.83 billion, a P/E ratio of 20.64, a P/E/G ratio of 3.15 and a beta of 0.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.71 and a quick ratio of 0.66. The company's 50 day simple moving average is $78.68 and its 200-day simple moving average is $83.99. Eversource Energy has a 52-week low of $70.54 and a 52-week high of $94.63.Eversource Energy (NYSE:ES – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.72 billion. Eversource Energy had a net margin of 11.85% and a return on equity of 9.45%. As a group, equities research analysts anticipate that Eversource Energy will post 4.1 EPS for the current year.
Eversource Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.6375 dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $2.55 annualized dividend and a yield of 3.08%. Eversource Energy's dividend payout ratio is presently 63.59%.
Eversource Energy Profile
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Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.
Further Reading
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