Cerity Partners LLC Increases Stock Holdings in Eversource Energy (NYSE:ES)

Cerity Partners LLC boosted its holdings in Eversource Energy (NYSE:ES - Free Report) by 32.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,326 shares of the utilities provider's stock after purchasing an additional 31,517 shares during the period. Cerity Partners LLC's holdings in Eversource Energy were worth $8,665,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ES. Lynx Investment Advisory purchased a new stake in shares of Eversource Energy during the second quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $32,000. UMB Bank n.a. increased its stake in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock valued at $35,000 after buying an additional 198 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Eversource Energy during the first quarter valued at approximately $43,000. Finally, MFA Wealth Advisors LLC purchased a new stake in Eversource Energy in the third quarter worth $48,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 0.6 %

Shares of ES stock opened at $63.58 on Wednesday. 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 has a one year low of $52.09 and a one year high of $69.01. The company's 50-day moving average is $64.50 and its 200 day moving average is $62.96.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side 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 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 4.50%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy's payout ratio is currently -182.17%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ES. Barclays boosted their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research 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 company a "neutral" rating in a research report on Thursday, August 29th. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Scotiabank upped their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Finally, Mizuho lifted their price target on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Eversource Energy presently has an average rating of "Hold" and a consensus price target 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.