Eversource Energy (NYSE:ES) Position Decreased by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in Eversource Energy (NYSE:ES) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,897 shares of the utilities provider’s stock after selling 1,648 shares during the quarter. Kentucky Retirement Systems’ holdings in Eversource Energy were worth $1,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ES. Zimmer Partners LP increased its stake in Eversource Energy by 730.4% in the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock valued at $151,642,000 after buying an additional 2,231,585 shares during the period. BROOKFIELD Corp ON bought a new position in shares of Eversource Energy in the 1st quarter valued at approximately $65,389,000. Los Angeles Capital Management LLC lifted its holdings in Eversource Energy by 201.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 974,665 shares of the utilities provider’s stock worth $55,273,000 after purchasing an additional 651,263 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Eversource Energy by 75.8% in the 2nd quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider’s stock worth $74,142,000 after acquiring an additional 563,756 shares in the last quarter. Finally, Swedbank AB bought a new stake in Eversource Energy during the 1st quarter worth approximately $31,928,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Up 0.4 %

Shares of NYSE:ES opened at $62.07 on Tuesday. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of -39.54, a PEG ratio of 2.47 and a beta of 0.61. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. The company’s fifty day simple moving average is $65.12 and its 200 day simple moving average is $62.88. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. As a group, research analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.61%. Eversource Energy’s dividend payout ratio is currently -182.17%.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research reports. Scotiabank lifted their price objective on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Barclays lifted their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Mizuho increased their target price on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley increased their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $70.46.

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.