Eversource Energy (NYSE:ES) Position Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 68.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,129 shares of the utilities provider's stock after acquiring an additional 26,493 shares during the quarter. Nisa Investment Advisors LLC's holdings in Eversource Energy were worth $4,432,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ES. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Eversource Energy by 10.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 10,049 shares of the utilities provider's stock worth $684,000 after buying an additional 918 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in Eversource Energy during the third quarter worth about $406,000. State of Alaska Department of Revenue increased its stake in Eversource Energy by 8.4% during the third quarter. State of Alaska Department of Revenue now owns 41,514 shares of the utilities provider's stock worth $2,825,000 after acquiring an additional 3,210 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Eversource Energy by 2.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 101,201 shares of the utilities provider's stock worth $6,776,000 after purchasing an additional 2,665 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Eversource Energy by 8.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 58,101 shares of the utilities provider's stock valued at $3,954,000 after purchasing an additional 4,281 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Scotiabank increased their price target on Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Wednesday. 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, BMO Capital Markets dropped their target price on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating on the stock in a report on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $70.07.

Insider Activity 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 completion of the transaction, the executive vice president now directly owns 9,032 shares of the company's stock, valued at approximately $591,596. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 9,032 shares of the company's stock, valued at approximately $591,596. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Penelope M. Conner sold 500 shares of the company's 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 transaction, the executive vice president now owns 9,847 shares of the company's stock, valued at approximately $639,464.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Eversource Energy Stock Down 3.3 %

ES stock traded down $2.18 during mid-day trading on Friday, hitting $63.67. 2,302,813 shares of the company were exchanged, compared to its average volume of 2,393,301. The firm has a fifty day simple moving average of $66.42 and a 200 day simple moving average of $62.72. The company has a market capitalization of $22.75 billion, a PE ratio of -235.81, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly 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 business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm earned $1.00 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, research analysts forecast that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.49%. Eversource Energy's dividend payout ratio (DPR) is -1,059.26%.

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.