Eversource Energy (NYSE:ES) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 31.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,810 shares of the utilities provider's stock after buying an additional 41,882 shares during the period. Public Employees Retirement System of Ohio's holdings in Eversource Energy were worth $11,964,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new position in Eversource Energy in the third quarter worth approximately $32,000. 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. Larson Financial Group LLC raised its position in Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Eversource Energy in the 3rd quarter valued at $48,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ES. Jefferies Financial Group began coverage on Eversource Energy in a research report on Tuesday, December 3rd. They set an "underperform" rating and a $52.00 price objective for the company. Scotiabank cut shares of Eversource Energy from a "sector perform" rating to a "sector underperform" rating and dropped their price target for the company from $66.00 to $56.00 in a research report on Thursday. Barclays upped their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Morgan Stanley lifted their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, August 23rd. Finally, StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Eversource Energy currently has an average rating of "Hold" and a consensus price target of $68.38.

Eversource Energy Stock Down 0.3 %

ES traded down $0.20 on Thursday, hitting $59.79. 2,115,073 shares of the company were exchanged, compared to its average volume of 2,369,788. The firm has a 50-day moving average price of $63.41 and a two-hundred day moving average price of $63.08. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The company has a market cap of $21.91 billion, a price-to-earnings ratio of -38.22, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.97 earnings per share. On average, equities analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.78%. Eversource Energy's payout ratio is -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.