Eversource Energy $ES Shares Newly Bought by StoneX Group Inc.

StoneX Group Inc. bought a new position in Eversource Energy (NYSE:ES) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,093 shares of the utilities provider’s stock, valued at approximately $541,000.

A number of other hedge funds also recently made changes to their positions in ES. CX Institutional boosted its stake in Eversource Energy by 4.3% during the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after buying an additional 144 shares during the last quarter. Bank & Trust Co grew its holdings in Eversource Energy by 2.0% during the 2nd quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after buying an additional 149 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Eversource Energy by 1.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,498 shares of the utilities provider’s stock worth $738,000 after acquiring an additional 151 shares during the last quarter. Kintegral Advisory LLC increased its stake in Eversource Energy by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 27,019 shares of the utilities provider’s stock worth $1,734,000 after acquiring an additional 152 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. increased its stake in Eversource Energy by 3.1% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,131 shares of the utilities provider’s stock worth $329,000 after acquiring an additional 154 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ES shares. HSBC started coverage on Eversource Energy in a report on Thursday, October 22nd. They set a “hold” rating and a $70.00 price objective on the stock. BMO Capital Markets cut their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their price target on shares of Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a research report on Monday, October 19th. Citigroup started coverage on shares of Eversource Energy in a research note on Monday, July 27th. They set a “hold” rating and a $81.00 price target on the stock. Finally, Barclays initiated coverage on shares of Eversource Energy in a research report on Friday, November 6th. They set an “equal weight” rating and a $76.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.17.

Eversource Energy Trading Up 1.3%

Shares of NYSE ES opened at $70.55 on Thursday. Eversource Energy has a 1-year low of $62.72 and a 1-year high of $76.57. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.76 and a quick ratio of 0.74. The business’s 50 day moving average is $67.31 and its two-hundred day moving average is $70.02. The stock has a market capitalization of $26.60 billion, a P/E ratio of 15.00, a PEG ratio of 3.03 and a beta of 0.66.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, November 4th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.20 billion. Eversource Energy had a return on equity of 10.67% and a net margin of 10.38%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period last year, the company earned $1.19 EPS. As a group, research analysts expect that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.7875 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio is currently 83.11%.

About Eversource Energy

Eversource Energy is a public utility holding company that delivers electricity and natural gas to customers in New England. Its businesses include electric transmission and distribution, natural gas distribution, and related energy services. The company serves customers in Connecticut, Massachusetts, and New Hampshire through local utility subsidiaries. Its operations include maintaining and upgrading the networks used to deliver energy to homes and businesses. Eversource traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015 after combining with NSTAR.