Quest Partners LLC Grows Stock Position in Eversource Energy (NYSE:ES)

Quest Partners LLC grew its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 483.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,308 shares of the utilities provider's stock after purchasing an additional 45,000 shares during the period. Eversource Energy accounts for 0.3% of Quest Partners LLC's portfolio, making the stock its 20th biggest position. Quest Partners LLC's holdings in Eversource Energy were worth $3,696,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Lynx Investment Advisory acquired a new stake in Eversource Energy during the 2nd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $32,000. UMB Bank n.a. boosted its holdings in Eversource Energy by 62.9% during the third 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 position in Eversource Energy during the first quarter worth $43,000. Finally, MFA Wealth Advisors LLC bought a new stake in Eversource Energy during the third quarter worth about $48,000. 79.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ES has been the subject of a number of recent research reports. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Mizuho increased their target price 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. Scotiabank upped their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Morgan Stanley upped their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 23rd. Finally, Barclays raised their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy presently has a consensus rating of "Hold" and an average price target of $70.46.

Eversource Energy Price Performance

Eversource Energy stock traded up $0.22 during midday trading on Monday, reaching $62.07. 1,683,860 shares of the stock traded hands, compared to its average volume of 2,397,714. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. 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 stock's fifty day moving average is $65.12 and its 200-day moving average is $62.88. The stock has a market cap of $22.74 billion, a P/E ratio of -39.54, a PEG ratio of 2.47 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion for 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 was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS. As a group, equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given 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 4.61%. Eversource Energy's dividend payout ratio (DPR) is currently -182.17%.

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.