4,695 Shares in Eversource Energy (NYSE:ES) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in Eversource Energy (NYSE:ES) in the third quarter, HoldingsChannel.com reports. The fund purchased 4,695 shares of the utilities provider’s stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avestar Capital LLC acquired a new position in shares of Eversource Energy in the 3rd quarter valued at approximately $201,000. Brooklyn Investment Group bought a new position in Eversource Energy in the third quarter valued at approximately $31,000. FMR LLC raised its position in Eversource Energy by 2.7% during the third quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock valued at $477,647,000 after purchasing an additional 185,381 shares in the last quarter. Qsemble Capital Management LP bought a new stake in Eversource Energy during the third quarter worth $364,000. Finally, Bank of Montreal Can boosted its holdings in shares of Eversource Energy by 5.2% in the 3rd quarter. Bank of Montreal Can now owns 625,162 shares of the utilities provider’s stock valued at $42,211,000 after purchasing an additional 30,903 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ES shares. Morgan Stanley boosted their price target on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Mizuho increased their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Barclays raised their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Bank of America upped 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. Finally, Scotiabank raised their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.46.

Eversource Energy Price Performance

Shares of ES opened at $64.59 on Friday. The stock’s 50-day moving average price is $64.39 and its two-hundred day moving average price is $62.98. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. 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 posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping 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 firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. As a group, research analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is presently -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.