Eversource Energy (NYSE:ES) Shares Purchased by Cable Hill Partners LLC

Cable Hill Partners LLC grew its position in Eversource Energy (NYSE:ES) by 9.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,219 shares of the utilities provider’s stock after acquiring an additional 380 shares during the quarter. Cable Hill Partners LLC’s holdings in Eversource Energy were worth $287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new stake in Eversource Energy during the 1st quarter worth approximately $78,000. QRG Capital Management Inc. boosted its position in shares of Eversource Energy by 2.9% in the 1st quarter. QRG Capital Management Inc. now owns 12,139 shares of the utilities provider’s stock valued at $726,000 after purchasing an additional 343 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Eversource Energy by 2.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 192 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Eversource Energy by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 433,484 shares of the utilities provider’s stock valued at $25,909,000 after purchasing an additional 30,996 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Eversource Energy by 16.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 432,950 shares of the utilities provider’s stock valued at $25,877,000 after purchasing an additional 60,721 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Up 1.0 %

NYSE:ES opened at $61.47 on Friday. The stock has a 50-day moving average price of $65.48 and a two-hundred day moving average price of $62.84. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last released its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. Eversource Energy’s revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a $0.715 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.65%. Eversource Energy’s dividend payout ratio is -182.17%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America raised their price target on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets cut their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company raised their price target on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.46.

Eversource Energy 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.