Russell Investments Group Ltd. raised its stake in shares of Eversource Energy (NYSE:ES – Get Rating) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 569,085 shares of the utilities provider’s stock after buying an additional 41,438 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of Eversource Energy worth $44,434,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ES. Natixis Advisors L.P. boosted its holdings in shares of Eversource Energy by 5.2% during the second quarter. Natixis Advisors L.P. now owns 148,260 shares of the utilities provider’s stock worth $12,524,000 after purchasing an additional 7,297 shares during the period. Janney Montgomery Scott LLC boosted its stake in Eversource Energy by 0.7% during the third quarter. Janney Montgomery Scott LLC now owns 69,820 shares of the utilities provider’s stock worth $5,443,000 after buying an additional 472 shares in the last quarter. Clear Street Markets LLC boosted its stake in Eversource Energy by 200.0% during the second quarter. Clear Street Markets LLC now owns 723 shares of the utilities provider’s stock worth $61,000 after buying an additional 482 shares in the last quarter. Sawtooth Solutions LLC boosted its stake in Eversource Energy by 32.0% during the second quarter. Sawtooth Solutions LLC now owns 4,060 shares of the utilities provider’s stock worth $343,000 after buying an additional 984 shares in the last quarter. Finally, Charter Oak Capital Management LLC acquired a new stake in shares of Eversource Energy in the 2nd quarter valued at $175,000. Institutional investors and hedge funds own 77.37% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on ES shares. StockNews.com started coverage on shares of Eversource Energy in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Evercore ISI upgraded shares of Eversource Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $86.00 to $92.00 in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Eversource Energy to $99.00 in a research note on Wednesday, December 14th. Morgan Stanley boosted their price objective on Eversource Energy from $89.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, UBS Group boosted their price objective on Eversource Energy from $77.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, December 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $89.50.
Insider Activity at Eversource Energy
Eversource Energy Trading Up 0.5 %
Shares of Eversource Energy stock opened at $80.25 on Wednesday. Eversource Energy has a 12-month low of $70.54 and a 12-month high of $94.63. The stock has a market cap of $27.95 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.81 and a beta of 0.46. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average is $83.21 and its 200-day moving average is $83.73.
Eversource Energy (NYSE:ES – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). Eversource Energy had a return on equity of 9.45% and a net margin of 11.85%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.72 billion. Equities research analysts predict that Eversource Energy will post 4.1 earnings per share for the current fiscal year.
Eversource Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were paid a $0.6375 dividend. This represents a $2.55 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, December 15th. Eversource Energy’s dividend payout ratio (DPR) is presently 63.59%.
About Eversource Energy
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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