ING Groep NV bought a new stake in Eversource Energy (NYSE:ES - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 47,797 shares of the utilities provider's stock, valued at approximately $3,253,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its stake in shares of Eversource Energy by 14.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 169 shares in the last quarter. Addison Advisors LLC boosted its holdings in shares of Eversource Energy by 27.4% in the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider's stock valued at $49,000 after acquiring an additional 185 shares in the last quarter. Bar Harbor Wealth Management increased its stake in shares of Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider's stock valued at $271,000 after acquiring an additional 190 shares during the period. Avantax Advisory Services Inc. raised its holdings in Eversource Energy by 2.5% during the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider's stock worth $475,000 after purchasing an additional 192 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after purchasing an additional 198 shares during the period. Institutional investors own 79.99% of the company's stock.
Eversource Energy Stock Up 0.6 %
Shares of ES traded up $0.37 during trading hours on Friday, reaching $61.85. The company's stock had a trading volume of 1,718,516 shares, compared to its average volume of 2,195,427. The company has a 50 day moving average of $65.24 and a two-hundred day moving average of $62.86. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01.
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, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. On average, analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.
Eversource Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Monday, September 23rd. Eversource Energy's dividend payout ratio is presently -182.17%.
Analyst Ratings Changes
ES has been the topic of a number of research reports. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Bank of America raised their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. BMO Capital Markets cut their target price on shares of 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. Morgan Stanley raised their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 23rd. Finally, Mizuho upped their price target on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy currently has an average rating of "Hold" and a consensus price target of $70.46.
Check Out Our Latest Analysis on ES
About Eversource Energy
(
Free Report)
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.
Further Reading
Before you consider Eversource Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eversource Energy wasn't on the list.
While Eversource Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
