Landscape Capital Management L.L.C. Has $2.15 Million Holdings in Eversource Energy (NYSE:ES)

Landscape Capital Management L.L.C. lifted its stake in Eversource Energy (NYSE:ES - Free Report) by 46.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,605 shares of the utilities provider's stock after acquiring an additional 10,093 shares during the period. Landscape Capital Management L.L.C.'s holdings in Eversource Energy were worth $2,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Public Sector Pension Investment Board increased its position in Eversource Energy by 0.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 3,385,281 shares of the utilities provider's stock worth $191,979,000 after buying an additional 20,207 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Eversource Energy by 12.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider's stock worth $177,823,000 after purchasing an additional 354,429 shares in the last quarter. Zimmer Partners LP grew its holdings in shares of Eversource Energy by 730.4% during the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider's stock worth $151,642,000 after purchasing an additional 2,231,585 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Eversource Energy by 26.9% during the 2nd quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider's stock worth $100,110,000 after purchasing an additional 374,458 shares in the last quarter. Finally, M&G Plc grew its holdings in shares of Eversource Energy by 16.8% during the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider's stock worth $92,721,000 after purchasing an additional 234,361 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on ES. Morgan Stanley lifted their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 23rd. Barclays boosted their price target on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Mizuho boosted their price target on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $70.46.

Eversource Energy Trading Up 1.0 %

Shares of ES stock traded up $0.62 during trading hours on Friday, reaching $63.37. The company had a trading volume of 1,415,925 shares, compared to its average volume of 2,387,934. The company has a 50 day moving average of $64.77 and a 200 day moving average of $62.88. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a market cap of $23.22 billion, a price-to-earnings ratio of -39.93, a P/E/G ratio of 2.47 and a beta of 0.61. 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 posted its quarterly 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. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 EPS. On average, equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Monday, September 23rd. 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.