Eversource Energy (NYSE:ES) Shares Acquired by State Street Corp

State Street Corp raised its stake in Eversource Energy (NYSE:ES - Free Report) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,539,895 shares of the utilities provider's stock after acquiring an additional 430,587 shares during the period. State Street Corp owned approximately 6.97% of Eversource Energy worth $1,737,990,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ES. Los Angeles Capital Management LLC boosted its holdings in shares of Eversource Energy by 201.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 974,665 shares of the utilities provider's stock worth $55,273,000 after purchasing an additional 651,263 shares during the period. Millennium Management LLC boosted its stake in Eversource Energy by 75.8% during the second quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider's stock worth $74,142,000 after buying an additional 563,756 shares during the period. Hsbc Holdings PLC increased its position in Eversource Energy by 26.9% during the second quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider's stock valued at $100,110,000 after acquiring an additional 374,458 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Eversource Energy by 12.7% in the second quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider's stock valued at $177,823,000 after acquiring an additional 354,429 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Eversource Energy in the 3rd quarter worth about $176,214,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Down 3.0 %

ES traded down $1.86 during trading on Friday, hitting $59.78. The stock had a trading volume of 2,574,355 shares, compared to its average volume of 1,891,504. The stock has a 50 day simple moving average of $63.84 and a two-hundred day simple moving average of $63.04. The company has a market capitalization of $21.90 billion, a PE ratio of -38.08, a PEG ratio of 2.47 and a beta of 0.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. Eversource Energy has a twelve month low of $52.09 and a twelve month 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 for the quarter, topping the consensus estimate of $1.08 by $0.05. The firm 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 firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. On average, research analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business 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 dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Wednesday, December 18th. Eversource Energy's dividend payout ratio (DPR) is presently -182.17%.

Analysts Set New Price Targets

ES has been the topic of a number of analyst reports. BMO Capital Markets cut their target price 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. Barclays upped their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Eversource Energy in a research note on Tuesday. They set an "underperform" rating and a $52.00 target price for the company. Scotiabank raised 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 note on Tuesday, August 20th. Finally, StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $69.15.

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.