Eversource Energy (NYSE:ES) Position Boosted by National Pension Service

National Pension Service raised its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 5.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 524,479 shares of the utilities provider's stock after purchasing an additional 27,183 shares during the period. National Pension Service owned 0.15% of Eversource Energy worth $35,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ES. Lynx Investment Advisory purchased a new stake in Eversource Energy in the 2nd quarter worth $25,000. UMB Bank n.a. lifted its holdings in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Eversource Energy by 83.6% in the 1st quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider's stock worth $36,000 after purchasing an additional 276 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Eversource Energy during the first quarter worth $43,000. Finally, MFA Wealth Advisors LLC purchased a new position in Eversource Energy during the third quarter valued at $48,000. Institutional investors own 79.99% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on ES shares. BMO Capital Markets dropped their price objective 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 increased 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. Bank of America lifted their price objective on Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upped their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 23rd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $70.07.

Eversource Energy Price Performance

Shares of ES stock traded up $0.12 on Thursday, reaching $60.82. 2,810,520 shares of the company were exchanged, compared to its average volume of 2,413,433. The business has a 50-day moving average price of $66.14 and a 200 day moving average price of $62.82. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. The company has a market cap of $21.74 billion, a price-to-earnings ratio of -38.74, 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 issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 11.00%. The company 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 firm earned $0.97 earnings per share. Eversource Energy's quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.70%. Eversource Energy's payout ratio is currently -182.17%.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares of the company's stock, valued at $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the transaction, the executive vice president now owns 9,032 shares in the company, valued at $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Penelope M. Conner sold 500 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares in the company, valued at approximately $639,464.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

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.