Stifel Financial Corp lessened its holdings in Eversource Energy (NYSE:ES - Free Report) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 247,957 shares of the utilities provider's stock after selling 9,125 shares during the period. Stifel Financial Corp owned approximately 0.07% of Eversource Energy worth $16,874,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy during the third quarter valued at $32,000. UMB Bank n.a. increased its position in Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of 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 buying an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Eversource Energy during the 3rd quarter valued at $48,000. 79.99% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ES has been the subject of several analyst reports. Bank of America raised their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. 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. Morgan Stanley increased their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 23rd. Finally, Barclays lifted their target price on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $69.15.
Read Our Latest Stock Report on ES
Eversource Energy Trading Up 0.5 %
Shares of Eversource Energy stock traded up $0.29 during trading on Tuesday, reaching $60.54. 1,781,989 shares of the stock were exchanged, compared to its average volume of 2,372,302. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of -38.56, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. 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 $63.69 and its 200 day moving average is $63.08.
Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $3.06 billion during the quarter, compared to analyst estimates 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 was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, equities research analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.
Eversource Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 4.72%. Eversource Energy's payout ratio is -182.17%.
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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