Banque Cantonale Vaudoise Purchases 27,817 Shares of Eversource Energy (NYSE:ES)

Banque Cantonale Vaudoise lifted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 94.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,425 shares of the utilities provider's stock after purchasing an additional 27,817 shares during the quarter. Banque Cantonale Vaudoise's holdings in Eversource Energy were worth $3,908,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lynx Investment Advisory purchased a new stake in shares of Eversource Energy in the second quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy in the 3rd quarter worth $32,000. UMB Bank n.a. raised its holdings 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 last quarter. Pathway Financial Advisers LLC bought a new position in shares of Eversource Energy during the first quarter valued at about $43,000. Finally, MFA Wealth Advisors LLC purchased a new position in Eversource Energy during the third quarter worth about $48,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Price Performance

NYSE:ES traded down $0.06 during trading hours on Wednesday, hitting $61.61. The stock had a trading volume of 2,371,092 shares, compared to its average volume of 2,396,411. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of -39.28, a P/E/G ratio of 2.47 and a beta of 0.61. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The company has a 50 day simple moving average of $64.99 and a two-hundred day simple moving average of $62.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) 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 analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. Eversource Energy's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. Research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

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. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.64%. Eversource Energy's dividend payout ratio (DPR) is presently -182.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their target price 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. Barclays lifted their price objective 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 increased their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Bank of America lifted their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Finally, Scotiabank upped their price objective on Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. 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.com, Eversource Energy presently has a consensus rating of "Hold" and a consensus 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.