Holocene Advisors LP Lowers Position in Eversource Energy (NYSE:ES)

Holocene Advisors LP lessened its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 29.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,422 shares of the utilities provider's stock after selling 34,687 shares during the quarter. Holocene Advisors LP's holdings in Eversource Energy were worth $5,745,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ES. FMR LLC raised its position in Eversource Energy by 2.7% in the 3rd quarter. FMR LLC now owns 7,019,064 shares of the utilities provider's stock valued at $477,647,000 after buying an additional 185,381 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Eversource Energy by 4.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,956,214 shares of the utilities provider's stock worth $337,270,000 after acquiring an additional 216,630 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Eversource Energy by 0.6% in the second quarter. Public Sector Pension Investment Board now owns 3,385,281 shares of the utilities provider's stock valued at $191,979,000 after purchasing an additional 20,207 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Eversource Energy by 12.7% during the second quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider's stock valued at $177,823,000 after purchasing an additional 354,429 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Eversource Energy by 5.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,665,257 shares of the utilities provider's stock worth $181,371,000 after purchasing an additional 140,794 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ES shares. Bank of America lifted their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. Jefferies Financial Group began coverage on Eversource Energy in a research note on Tuesday. They issued an "underperform" rating and a $52.00 price objective for the company. Barclays lifted 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. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley lifted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $69.15.

Eversource Energy Stock Performance

Shares of NYSE:ES traded down $0.15 during trading on Thursday, hitting $61.64. 1,674,590 shares of the company were exchanged, compared to its average volume of 2,374,265. Eversource Energy has a 52-week low of $52.09 and a 52-week high of $69.01. The stock has a 50 day moving average of $64.09 and a 200 day moving average of $63.04. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) 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 business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be given a $0.715 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.64%. Eversource Energy's dividend payout ratio (DPR) is currently -182.17%.

Eversource Energy 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.