Kentucky Retirement Systems Has $1.69 Million Stock Holdings in Eversource Energy (NYSE:ES)

Kentucky Retirement Systems decreased its stake in Eversource Energy (NYSE:ES) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,897 shares of the utilities provider’s stock after selling 1,648 shares during the period. Kentucky Retirement Systems’ holdings in Eversource Energy were worth $1,694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northcape Wealth Management LLC increased its holdings in Eversource Energy by 1.3% during the third quarter. Northcape Wealth Management LLC now owns 30,353 shares of the utilities provider’s stock worth $2,066,000 after buying an additional 402 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Eversource Energy by 76.4% during the 3rd quarter. Empowered Funds LLC now owns 9,389 shares of the utilities provider’s stock worth $639,000 after purchasing an additional 4,065 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of Eversource Energy by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 12,039 shares of the utilities provider’s stock valued at $819,000 after purchasing an additional 267 shares during the period. CIBC Asset Management Inc lifted its stake in Eversource Energy by 9.4% in the 3rd quarter. CIBC Asset Management Inc now owns 52,054 shares of the utilities provider’s stock valued at $3,542,000 after purchasing an additional 4,490 shares during the last quarter. Finally, Cadence Wealth Management LLC bought a new position in Eversource Energy during the third quarter worth about $240,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho upped their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Barclays raised their price target on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Scotiabank upped their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Bank of America raised their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.46.

Eversource Energy Stock Performance

ES opened at $62.07 on Tuesday. The firm has a market cap of $22.74 billion, a P/E ratio of -39.54, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The business’s fifty day moving average is $65.12 and its 200-day moving average is $62.88. Eversource Energy has a 52-week low of $52.09 and a 52-week 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) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. Sell-side analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.61%. 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.