Eversource Energy (NYSE:ES) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB increased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 41.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,735,901 shares of the utilities provider's stock after buying an additional 510,582 shares during the quarter. Nordea Investment Management AB owned about 0.47% of Eversource Energy worth $99,554,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Eversource Energy by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 1,418,109 shares of the utilities provider's stock valued at $96,502,000 after acquiring an additional 13,908 shares in the last quarter. Principal Financial Group Inc. grew its stake in Eversource Energy by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 413,874 shares of the utilities provider's stock worth $28,164,000 after buying an additional 17,654 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Eversource Energy by 8.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 5,954 shares of the utilities provider's stock worth $404,000 after purchasing an additional 458 shares during the last quarter. Retirement Systems of Alabama boosted its position in Eversource Energy by 518.1% during the third quarter. Retirement Systems of Alabama now owns 480,278 shares of the utilities provider's stock valued at $32,683,000 after buying an additional 402,574 shares during the period. Finally, Tidal Investments LLC lifted its position in Eversource Energy by 5.2% in the third quarter. Tidal Investments LLC now owns 13,849 shares of the utilities provider's stock valued at $942,000 after purchasing an additional 689 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ES shares. Barclays upped their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Scotiabank cut shares of Eversource Energy from a "sector perform" rating to a "sector underperform" rating and decreased their price objective for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Mizuho raised their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Jefferies Financial Group initiated coverage on shares of Eversource Energy in a research report on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price target on the stock. Finally, 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 research note on Tuesday, October 15th. 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. According to MarketBeat, Eversource Energy has an average rating of "Hold" and an average target price of $68.38.

Eversource Energy Trading Down 0.2 %

ES traded down $0.10 during trading on Tuesday, reaching $56.13. The company had a trading volume of 2,007,333 shares, compared to its average volume of 1,843,107. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The stock has a market cap of $20.57 billion, a P/E ratio of -35.75, a PEG ratio of 2.38 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The business has a 50 day simple moving average of $60.59 and a 200-day simple moving average of $62.98.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly 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. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. On average, equities analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy's payout ratio is currently -182.17%.

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.