BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 8,209 Shares of Eversource Energy (NYSE:ES)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Eversource Energy (NYSE:ES - Free Report) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 58,762 shares of the utilities provider's stock after selling 8,209 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Eversource Energy were worth $3,999,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bensler LLC bought a new position in Eversource Energy in the second quarter valued at approximately $316,000. M&G Plc lifted its holdings in Eversource Energy by 16.8% in the second quarter. M&G Plc now owns 1,626,685 shares of the utilities provider's stock valued at $92,721,000 after buying an additional 234,361 shares during the period. Landscape Capital Management L.L.C. raised its holdings in shares of 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 valued at $2,151,000 after purchasing an additional 10,093 shares during the period. Cetera Investment Advisers raised its holdings in shares of Eversource Energy by 283.2% during the first quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider's stock valued at $5,443,000 after purchasing an additional 67,300 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Eversource Energy by 23.2% during the second quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider's stock worth $7,636,000 after acquiring an additional 25,377 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ES has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of 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. Mizuho boosted their price objective 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. Morgan Stanley boosted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research report on Friday, August 23rd. Bank of America upped their target price 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. Finally, StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Eversource Energy has an average rating of "Hold" and a consensus target price of $69.15.

Eversource Energy Trading Up 0.8 %

Shares of NYSE ES traded up $0.48 on Wednesday, reaching $61.79. 2,830,997 shares of the company traded hands, compared to its average volume of 2,377,255. 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 fifty-two week low of $52.09 and a fifty-two week high of $69.01. The stock has a market capitalization of $22.64 billion, a PE ratio of -39.36, a P/E/G ratio of 2.55 and a beta of 0.60. The company has a 50 day moving average of $64.09 and a 200 day moving average of $63.04.

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 analysts' consensus estimates of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the company posted $0.97 EPS. Eversource Energy's quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.63%. Eversource Energy's dividend payout ratio is currently -182.17%.

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.