Empower Advisory Group LLC Acquires 39,863 Shares of Eversource Energy (NYSE:ES)

Empower Advisory Group LLC grew its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,176,232 shares of the utilities provider's stock after purchasing an additional 39,863 shares during the period. Empower Advisory Group LLC owned about 0.33% of Eversource Energy worth $80,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in shares of Eversource Energy by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 121,166 shares of the utilities provider's stock worth $8,245,000 after purchasing an additional 3,960 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Eversource Energy by 27.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,335 shares of the utilities provider's stock worth $431,000 after acquiring an additional 1,357 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Eversource Energy by 6.4% during the 3rd quarter. Baillie Gifford & Co. now owns 536,187 shares of the utilities provider's stock worth $36,488,000 after acquiring an additional 32,219 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Eversource Energy by 34.4% during the 3rd quarter. GSA Capital Partners LLP now owns 45,960 shares of the utilities provider's stock worth $3,128,000 after acquiring an additional 11,769 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $2,009,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ES shares. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday. Mizuho lifted their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. BMO Capital Markets cut their price target on shares of Eversource Energy from $74.00 to $72.00 and set a "market perform" rating on the stock in a report on Tuesday, October 15th. Scotiabank lifted their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Finally, Barclays lifted their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $70.46.

Eversource Energy Stock Down 0.0 %

ES traded down $0.03 during trading on Wednesday, hitting $60.54. 779,069 shares of the stock traded hands, compared to its average volume of 2,401,266. 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 12-month low of $52.09 and a 12-month high of $69.01. The firm has a 50-day moving average of $65.63 and a 200 day moving average of $62.86.

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 (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. The company 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 quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. Research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid 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 4.72%. 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.