Barclays PLC Purchases 150,535 Shares of Eversource Energy (NYSE:ES)

Barclays PLC lifted its position in Eversource Energy (NYSE:ES - Free Report) by 15.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,095,966 shares of the utilities provider's stock after buying an additional 150,535 shares during the quarter. Barclays PLC owned approximately 0.30% of Eversource Energy worth $74,582,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Eversource Energy by 31.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 175,810 shares of the utilities provider's stock valued at $11,964,000 after acquiring an additional 41,882 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Eversource Energy by 95.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 16,981 shares of the utilities provider's stock valued at $1,156,000 after purchasing an additional 8,272 shares in the last quarter. MML Investors Services LLC raised its stake in Eversource Energy by 39.5% in the third quarter. MML Investors Services LLC now owns 21,435 shares of the utilities provider's stock valued at $1,459,000 after purchasing an additional 6,069 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in Eversource Energy during the third quarter valued at approximately $788,000. Finally, National Bank of Canada FI grew its stake in Eversource Energy by 446.0% in the 3rd quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider's stock worth $51,019,000 after buying an additional 612,421 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Bank of America lifted 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. Barclays increased their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on Eversource Energy in a research report on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 target price for the company. Finally, BMO Capital Markets reduced 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 research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $68.38.

Eversource Energy Trading Down 0.3 %

Shares of NYSE:ES traded down $0.20 during midday trading on Thursday, hitting $59.79. 2,115,073 shares of the stock traded hands, compared to its average volume of 2,369,788. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $21.91 billion, a PE ratio of -38.22, a P/E/G ratio of 2.39 and a beta of 0.60. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The business's 50 day moving average is $63.41 and its two-hundred day moving average is $63.08.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion during 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 revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. As a group, research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th will be issued a $0.715 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 4.78%. Eversource Energy's dividend payout ratio (DPR) is presently -182.17%.

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.