Fmr LLC Purchases 185,381 Shares of Eversource Energy (NYSE:ES)

FMR LLC grew its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,019,064 shares of the utilities provider's stock after purchasing an additional 185,381 shares during the quarter. FMR LLC owned approximately 1.92% of Eversource Energy worth $477,647,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ES. Price T Rowe Associates Inc. MD lifted its stake in shares of Eversource Energy by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 466,254 shares of the utilities provider's stock valued at $27,869,000 after buying an additional 6,556 shares in the last quarter. Tidal Investments LLC boosted its stake in Eversource Energy by 1.8% in the 1st quarter. Tidal Investments LLC now owns 13,611 shares of the utilities provider's stock worth $809,000 after purchasing an additional 243 shares during the period. Burney Co. grew its holdings in Eversource Energy by 9.2% during the 1st quarter. Burney Co. now owns 33,328 shares of the utilities provider's stock valued at $1,992,000 after buying an additional 2,807 shares in the last quarter. Cetera Investment Advisers grew its holdings in Eversource Energy by 283.2% during the 1st quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider's stock valued at $5,443,000 after buying an additional 67,300 shares in the last quarter. Finally, Cetera Advisors LLC increased its position in shares of Eversource Energy by 60.7% during the first quarter. Cetera Advisors LLC now owns 29,748 shares of the utilities provider's stock valued at $1,778,000 after buying an additional 11,233 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Performance

Shares of Eversource Energy stock traded down $0.10 during trading on Friday, hitting $64.49. 912,519 shares of the company's stock traded hands, compared to its average volume of 2,376,939. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The business has a 50-day simple moving average of $64.33 and a 200-day simple moving average of $63.02. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The stock has a market capitalization of $23.63 billion, a P/E ratio of -41.08, a PEG ratio of 2.58 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. As a group, analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The firm 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. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.43%. Eversource Energy's dividend payout ratio is currently -182.17%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ES. BMO Capital Markets decreased their target price on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating on the stock in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Mizuho upped their price objective on Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Finally, Barclays raised their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Seven 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 currently has a consensus rating of "Hold" and an average price target of $70.58.

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.