DRW Securities LLC Buys New Stake in Eversource Energy (NYSE:ES)

DRW Securities LLC purchased a new position in Eversource Energy (NYSE:ES - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,094 shares of the utilities provider's stock, valued at approximately $1,095,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zimmer Partners LP raised its position in shares of Eversource Energy by 730.4% in the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider's stock worth $151,642,000 after acquiring an additional 2,231,585 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Eversource Energy by 201.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 974,665 shares of the utilities provider's stock worth $55,273,000 after acquiring an additional 651,263 shares in the last quarter. Millennium Management LLC lifted its position in Eversource Energy by 75.8% during the 2nd quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider's stock valued at $74,142,000 after acquiring an additional 563,756 shares during the period. Swedbank AB bought a new stake in Eversource Energy during the first quarter worth about $31,928,000. Finally, Hsbc Holdings PLC grew its holdings in Eversource Energy by 26.9% in the second quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider's stock worth $100,110,000 after purchasing an additional 374,458 shares during the period. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Performance

Shares of NYSE:ES traded down $0.40 during trading on Tuesday, hitting $63.58. The company's stock had a trading volume of 1,420,830 shares, compared to its average volume of 2,387,994. The company has a 50-day moving average of $64.50 and a 200-day moving average of $62.96. The firm has a market cap of $23.30 billion, a price-to-earnings ratio of -40.50, a P/E/G ratio of 2.54 and a beta of 0.61. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. 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 posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.50%. Eversource Energy's dividend payout ratio is presently -182.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ES shares. Wells Fargo & Company lifted their target price on shares of Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Barclays boosted their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Bank of America raised their price target on Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Mizuho upped their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Finally, StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.