B. Metzler seel. Sohn & Co. Holding AG Invests $3.11 Million in Eversource Energy (NYSE:ES)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Eversource Energy (NYSE:ES - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,659 shares of the utilities provider's stock, valued at approximately $3,107,000.

Other large investors also recently modified their holdings of the company. Public Sector Pension Investment Board lifted its stake in Eversource Energy by 0.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 3,385,281 shares of the utilities provider's stock worth $191,979,000 after purchasing an additional 20,207 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Eversource Energy by 12.7% during the second quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider's stock valued at $177,823,000 after buying an additional 354,429 shares during the period. Zimmer Partners LP grew its position in Eversource Energy by 730.4% during the first quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider's stock worth $151,642,000 after buying an additional 2,231,585 shares in the last quarter. Hsbc Holdings PLC increased its stake in Eversource Energy by 26.9% in the 2nd quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider's stock worth $100,110,000 after acquiring an additional 374,458 shares during the last quarter. Finally, M&G Plc raised its holdings 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. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Trading Up 1.9 %

Shares of NYSE:ES traded up $1.14 during trading on Thursday, reaching $62.75. 1,452,775 shares of the company traded hands, compared to its average volume of 2,392,235. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. 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 $22.99 billion, a price-to-earnings ratio of -39.24, a P/E/G ratio of 2.47 and a beta of 0.61. The business's fifty day moving average is $64.87 and its 200-day moving average is $62.88.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly 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. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. As a group, analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy's dividend payout ratio (DPR) is currently -182.17%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets cut their price objective on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a report on Tuesday, October 15th. Bank of America boosted their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Mizuho upped their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised their price target on 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $70.46.

About Eversource Energy

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.