GSA Capital Partners LLP Boosts Position in Eversource Energy (NYSE:ES)

GSA Capital Partners LLP boosted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 34.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,960 shares of the utilities provider's stock after acquiring an additional 11,769 shares during the quarter. GSA Capital Partners LLP's holdings in Eversource Energy were worth $3,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ES. Entropy Technologies LP purchased a new position in shares of Eversource Energy in the 3rd quarter valued at about $2,009,000. Ashton Thomas Securities LLC purchased a new position in shares of Eversource Energy in the 3rd quarter valued at about $32,000. Axxcess Wealth Management LLC purchased a new position in shares of Eversource Energy in the 3rd quarter valued at about $238,000. Atria Investments Inc boosted its stake in shares of Eversource Energy by 61.8% in the 3rd quarter. Atria Investments Inc now owns 20,913 shares of the utilities provider's stock valued at $1,423,000 after buying an additional 7,984 shares during the period. Finally, SpiderRock Advisors LLC lifted its stake in Eversource Energy by 81.2% during the third quarter. SpiderRock Advisors LLC now owns 8,360 shares of the utilities provider's stock worth $569,000 after purchasing an additional 3,746 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

ES stock traded down $0.52 on Tuesday, reaching $60.57. 1,664,831 shares of the company's stock were exchanged, compared to its average volume of 2,408,875. The stock has a fifty day moving average of $65.77 and a 200-day moving average of $62.85. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The firm has a market cap of $22.19 billion, a PE ratio of -38.58, a P/E/G ratio of 2.46 and a beta of 0.61. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.73.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. Eversource Energy's quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts predict 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 given 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 payout ratio is -182.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays boosted their target price 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. BMO Capital Markets decreased their target price 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. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their target price 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. Finally, Wells Fargo & Company lifted their price target on Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.