Principal Financial Group Inc. boosted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 4.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 413,874 shares of the utilities provider's stock after buying an additional 17,654 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Eversource Energy worth $28,164,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Lynx Investment Advisory acquired a new stake in Eversource Energy during the second quarter worth about $25,000. UMB Bank n.a. boosted its stake in shares of Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 198 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Eversource Energy in the 1st quarter valued at approximately $43,000. MFA Wealth Advisors LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $48,000. Finally, Addison Advisors LLC boosted its stake in shares of Eversource Energy by 27.4% in the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider's stock valued at $49,000 after purchasing an additional 185 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.
Eversource Energy Price Performance
Shares of Eversource Energy stock traded down $0.28 during trading on Wednesday, hitting $60.29. 521,500 shares of the company's stock traded hands, compared to its average volume of 2,400,301. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The business has a 50-day simple moving average of $65.63 and a 200-day simple moving average of $62.86. 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 announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. As a group, sell-side analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.
Eversource Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 4.74%. The ex-dividend date was Monday, September 23rd. Eversource Energy's dividend payout ratio (DPR) is presently -182.17%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ES. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Tuesday. Scotiabank boosted their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Morgan Stanley boosted their price objective 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. BMO Capital Markets lowered their price objective on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating on the stock in a research note on Tuesday, October 15th. Finally, Mizuho boosted their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $70.46.
View Our Latest Stock Report on ES
About Eversource Energy
(
Free Report)
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.
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