Geode Capital Management LLC Has $613.23 Million Position in Eversource Energy (NYSE:ES)

Geode Capital Management LLC boosted its stake in Eversource Energy (NYSE:ES - Free Report) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,040,171 shares of the utilities provider's stock after acquiring an additional 268,588 shares during the quarter. Geode Capital Management LLC owned 2.47% of Eversource Energy worth $613,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Eversource Energy during the 3rd quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new stake in Eversource Energy during the 3rd quarter worth about $32,000. UMB Bank n.a. boosted its stake in shares of Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new stake in Eversource Energy during the third quarter worth about $48,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ES has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on Eversource Energy in a research note on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price target for the company. Barclays raised their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Morgan Stanley lifted 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 report on Friday, August 23rd. Finally, BMO Capital Markets dropped their target price on shares of Eversource Energy from $74.00 to $72.00 and set a "market perform" rating on the stock in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $68.38.

Eversource Energy Stock Performance

Shares of NYSE ES traded down $0.27 during trading hours on Friday, reaching $59.53. 1,495,073 shares of the stock were exchanged, compared to its average volume of 2,366,158. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of -38.08, a P/E/G ratio of 2.40 and a beta of 0.60. The stock's fifty day simple moving average is $63.29 and its 200 day simple moving average is $63.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted 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 firm had revenue of $3.06 billion for 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 company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. Sell-side analysts predict 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 will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.80%. Eversource Energy's payout ratio 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.