Swedbank AB Grows Position in Eversource Energy (NYSE:ES)

Swedbank AB grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 524,379 shares of the utilities provider's stock after purchasing an additional 11,111 shares during the period. Swedbank AB owned approximately 0.14% of Eversource Energy worth $35,684,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ES. Quadrature Capital Ltd bought a new position in shares of Eversource Energy in the 1st quarter valued at $700,000. Price T Rowe Associates Inc. MD raised its position in Eversource Energy by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 466,254 shares of the utilities provider's stock valued at $27,869,000 after purchasing an additional 6,556 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of Eversource Energy during the first quarter valued at about $247,000. California State Teachers Retirement System grew its holdings in shares of Eversource Energy by 10.0% during the first quarter. California State Teachers Retirement System now owns 847,789 shares of the utilities provider's stock worth $50,672,000 after purchasing an additional 77,184 shares during the last quarter. Finally, Redwood Investment Management LLC acquired a new position in shares of Eversource Energy in the first quarter valued at approximately $2,122,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Down 0.6 %

Eversource Energy stock traded down $0.40 during midday trading on Tuesday, reaching $63.58. The stock had a trading volume of 1,398,638 shares, compared to its average volume of 2,387,897. The company has a fifty day moving average price of $64.59 and a two-hundred day moving average price of $62.95. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $23.30 billion, a P/E ratio of -40.75, a PEG ratio of 2.54 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company's quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ES shares. Barclays boosted their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Scotiabank increased their price target on Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Mizuho lifted their price objective 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 raised their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Finally, Morgan Stanley upped their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.