Eversource Energy (NYSE:ES) Stock Holdings Lifted by Swedbank AB

Swedbank AB grew its position in Eversource Energy (NYSE:ES) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 524,379 shares of the utilities provider’s stock after purchasing an additional 11,111 shares during the period. Swedbank AB’s holdings in Eversource Energy were worth $35,684,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Bensler LLC acquired a new position in Eversource Energy during the second quarter worth $316,000. M&G Plc raised its stake in shares of Eversource Energy by 16.8% in the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock valued at $92,721,000 after acquiring an additional 234,361 shares in the last quarter. Virtu Financial LLC acquired a new stake in Eversource Energy in the 1st quarter worth approximately $1,280,000. California State Teachers Retirement System boosted its position in Eversource Energy by 10.0% during the first quarter. California State Teachers Retirement System now owns 847,789 shares of the utilities provider’s stock worth $50,672,000 after purchasing an additional 77,184 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its position in Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock worth $2,151,000 after purchasing an additional 10,093 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Up 0.9 %

Shares of Eversource Energy stock opened at $63.97 on Tuesday. Eversource Energy has a 52-week low of $52.09 and a 52-week high of $69.01. The firm has a market capitalization of $23.44 billion, a PE ratio of -40.75, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The company’s fifty day moving average price is $64.59 and its two-hundred day moving average price is $62.95.

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

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.47%. Eversource Energy’s payout ratio is presently -182.17%.

Analyst Ratings Changes

ES has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Mizuho boosted their price objective on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Scotiabank upped their price target on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the 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.