National Bank of Canada FI Has $51.02 Million Stock Holdings in Eversource Energy (NYSE:ES)

National Bank of Canada FI grew its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 446.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 749,736 shares of the utilities provider's stock after purchasing an additional 612,421 shares during the period. National Bank of Canada FI owned about 0.20% of Eversource Energy worth $51,019,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ES. State Street Corp raised its stake in Eversource Energy by 1.7% in the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider's stock valued at $1,737,990,000 after purchasing an additional 430,587 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Eversource Energy in the 3rd quarter valued at approximately $808,783,000. FMR LLC boosted its position in shares of Eversource Energy by 2.7% during the 3rd quarter. FMR LLC now owns 7,019,064 shares of the utilities provider's stock worth $477,647,000 after acquiring an additional 185,381 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Eversource Energy by 4.6% in the third 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 valued at $337,270,000 after acquiring an additional 216,630 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in Eversource Energy by 0.6% during 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 in the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Down 3.0 %

Shares of Eversource Energy stock traded down $1.86 during trading on Friday, hitting $59.78. The company's stock had a trading volume of 2,574,355 shares, compared to its average volume of 1,891,504. The stock has a market cap of $21.90 billion, a price-to-earnings ratio of -38.08, a price-to-earnings-growth ratio of 2.47 and a beta of 0.60. 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 price of $63.84 and a two-hundred day moving average price of $63.06. 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 (NYSE:ES - Get Free Report) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the business earned $0.97 EPS. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared 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 4.78%. Eversource Energy's dividend payout ratio (DPR) is currently -182.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ES shares. Morgan Stanley lifted their price target on Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 23rd. Scotiabank lifted their target price on Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. BMO Capital Markets dropped 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 report on Tuesday, October 15th. Barclays lifted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Finally, Bank of America increased their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and an average target price of $69.15.

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.