JPMorgan Chase & Co. Purchases 13,908 Shares of Eversource Energy (NYSE:ES)

JPMorgan Chase & Co. grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,418,109 shares of the utilities provider's stock after buying an additional 13,908 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.39% of Eversource Energy worth $96,502,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Brown Brothers Harriman & Co. raised its holdings in Eversource Energy by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider's stock worth $418,000 after purchasing an additional 166 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Eversource Energy by 14.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider's stock valued at $90,000 after buying an additional 169 shares during the period. Addison Advisors LLC boosted its stake in 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 during the last quarter. UMB Bank n.a. grew its holdings in 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 acquiring an additional 198 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Eversource Energy by 1.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider's stock valued at $1,368,000 after acquiring an additional 200 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Performance

Shares of NYSE:ES traded down $0.03 during mid-day trading on Friday, reaching $57.31. The company had a trading volume of 1,718,926 shares, compared to its average volume of 1,779,613. The company's 50-day moving average price is $60.97 and its 200-day moving average price is $62.93. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of -36.50, a PEG ratio of 2.38 and a beta of 0.60. 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 posted its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The company's quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were issued a dividend of $0.715 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a yield of 4.99%. Eversource Energy's dividend payout ratio is currently -182.17%.

Analyst Upgrades and Downgrades

ES has been the subject of several recent analyst reports. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Saturday, December 21st. Mizuho lifted their target price on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Jefferies Financial Group initiated coverage on Eversource Energy in a research note on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price objective on the stock. BMO Capital Markets reduced their price objective on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a report on Tuesday, October 15th. Finally, Scotiabank lowered Eversource Energy from a "sector perform" rating to a "sector underperform" rating and lowered their price objective for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $68.38.

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.