Eversource Energy (NYSE:ES) Stock Holdings Increased by Eastern Bank

Eastern Bank increased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 137.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,266 shares of the utilities provider's stock after buying an additional 7,682 shares during the quarter. Eastern Bank's holdings in Eversource Energy were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Lynx Investment Advisory purchased a new stake in shares of Eversource Energy during the 2nd quarter valued at $25,000. UMB Bank n.a. increased its stake in Eversource Energy by 62.9% during the third 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 last quarter. Manchester Capital Management LLC raised its holdings in shares of 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. Salomon & Ludwin LLC grew its holdings in shares of Eversource Energy by 4,187.5% during the 1st quarter. Salomon & Ludwin LLC now owns 686 shares of the utilities provider's stock worth $41,000 after purchasing an additional 670 shares during the period. Finally, Pathway Financial Advisers LLC purchased a new position in Eversource Energy in the first quarter valued at approximately $43,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Penelope M. Conner sold 500 shares of the business's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the sale, the executive vice president now owns 9,847 shares of the company's stock, valued at $639,464.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the sale, the executive vice president now directly owns 9,847 shares of the company's stock, valued at $639,464.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the sale, the executive vice president now owns 9,032 shares in the company, valued at $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on ES. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Mizuho increased their price target on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Barclays boosted their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Bank of America upped their target price on Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company raised their target price on Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Eversource Energy currently has an average rating of "Hold" and a consensus target price of $70.07.

Eversource Energy Stock Down 0.4 %

Shares of ES traded down $0.27 during midday trading on Thursday, hitting $66.82. The company had a trading volume of 1,499,097 shares, compared to its average volume of 2,400,045. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $69.01. The company's 50 day moving average price is $66.49 and its 200 day moving average price is $62.43. The stock has a market cap of $23.54 billion, a price-to-earnings ratio of -56.63, a PEG ratio of 2.49 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting analysts' consensus estimates of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.00 EPS. Eversource Energy's quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that Eversource Energy will post 4.57 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.28%. Eversource Energy's payout ratio is -242.37%.

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.