Citigroup Inc. reduced its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,718 shares of the utilities provider's stock after selling 61,707 shares during the period. Citigroup Inc. owned 0.08% of Eversource Energy worth $18,763,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of ES. Massmutual Trust Co. FSB ADV increased its stake in Eversource Energy by 14.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 169 shares in the last quarter. Addison Advisors LLC increased its stake in Eversource Energy by 27.4% during the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider's stock valued at $49,000 after purchasing an additional 185 shares in the last quarter. Bar Harbor Wealth Management increased its stake in Eversource Energy by 4.1% during the 2nd quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider's stock valued at $271,000 after purchasing an additional 190 shares in the last quarter. UMB Bank n.a. increased its stake in Eversource Energy by 62.9% during the 3rd 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 in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Eversource Energy by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider's stock worth $1,368,000 after acquiring an additional 200 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.
Eversource Energy Stock Performance
Shares of NYSE:ES opened at $63.58 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The firm's 50 day simple moving average is $64.50 and its two-hundred day simple moving average is $62.96.
Eversource Energy (NYSE:ES - Get Free Report) last issued 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. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.
Eversource Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Monday, September 23rd. Eversource Energy's dividend payout ratio (DPR) is presently -182.17%.
Analyst Ratings Changes
A number of brokerages have recently commented on ES. 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 research note on Thursday, August 29th. BMO Capital Markets reduced their price target on shares of Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research note on Tuesday, October 15th. Morgan Stanley lifted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Friday, August 23rd. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $70.46.
Check Out Our Latest Analysis on Eversource Energy
Eversource Energy Company Profile
(
Free Report)
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.
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