Eversource Energy (NYSE:ES) Shares Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC lifted its holdings in Eversource Energy (NYSE:ES - Free Report) by 14.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,383 shares of the utilities provider's stock after buying an additional 25,735 shares during the quarter. Eversource Energy accounts for 1.1% of Easterly Investment Partners LLC's portfolio, making the stock its 19th biggest holding. Easterly Investment Partners LLC owned 0.06% of Eversource Energy worth $14,044,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ES. Lynx Investment Advisory acquired a new position in shares of Eversource Energy in the second quarter worth $25,000. UMB Bank n.a. increased its stake in Eversource Energy by 62.9% in the third 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 during the last quarter. Manchester Capital Management LLC increased its stake in Eversource Energy by 83.6% in the first quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 276 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Eversource Energy in the first quarter valued at $43,000. Finally, MFA Wealth Advisors LLC acquired a new position in Eversource Energy in the third quarter valued at $48,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 1.0 %

ES traded up $0.58 on Friday, reaching $61.40. The company's stock had a trading volume of 2,410,961 shares, compared to its average volume of 2,413,430. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of -39.11, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66. The business's 50 day moving average is $65.90 and its 200 day moving average is $62.81.

Eversource Energy (NYSE:ES - Get Free Report) last issued 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. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a positive return on equity of 11.00% and a negative net margin of 4.73%. Eversource Energy's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. As a group, research analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced 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. This represents a $2.86 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy's dividend payout ratio is presently -182.17%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Mizuho upped their price target on Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Bank of America upped their price target on Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Morgan Stanley upped their price target on Eversource Energy from $69.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Friday, August 23rd. Barclays upped their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets dropped their price target on 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. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Eversource Energy currently has an average rating of "Hold" and a consensus target price of $70.46.

Insiders Place Their Bets

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now owns 9,032 shares of the company's stock, valued at $591,596. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Eversource Energy Company 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.