Baillie Gifford & Co. Raises Position in Eversource Energy (NYSE:ES)

Baillie Gifford & Co. boosted its holdings in Eversource Energy (NYSE:ES - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 536,187 shares of the utilities provider's stock after purchasing an additional 32,219 shares during the quarter. Baillie Gifford & Co. owned about 0.15% of Eversource Energy worth $36,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ES. Lynx Investment Advisory purchased a new stake in Eversource Energy in the 2nd quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Eversource Energy in the third quarter worth about $32,000. UMB Bank n.a. raised its position in shares of Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 198 shares during the period. MFA Wealth Advisors LLC purchased a new stake in shares of Eversource Energy during the 3rd quarter valued at approximately $48,000. Finally, Pathway Financial Advisers LLC bought a new position in Eversource Energy in the 1st quarter worth approximately $43,000. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Up 0.4 %

Shares of NYSE:ES traded up $0.25 during midday trading on Wednesday, reaching $60.82. The company's stock had a trading volume of 2,014,181 shares, compared to its average volume of 2,407,085. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The firm has a 50 day moving average of $65.63 and a 200-day moving average of $62.86. The firm has a market capitalization of $22.28 billion, a P/E ratio of -38.75, a PEG ratio of 2.42 and a beta of 0.61. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. On average, research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date was Monday, September 23rd. Eversource Energy's payout ratio is presently -182.17%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ES shares. 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 report on Wednesday, October 2nd. Barclays upped their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. 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. Scotiabank upped their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets dropped their price target on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research report on Tuesday, October 15th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.