Swiss National Bank Purchases 10,200 Shares of Eversource Energy (NYSE:ES)

Swiss National Bank increased its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 1.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,045,533 shares of the utilities provider's stock after acquiring an additional 10,200 shares during the period. Swiss National Bank owned approximately 0.29% of Eversource Energy worth $71,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ES. Public Sector Pension Investment Board raised its position in shares of Eversource Energy by 0.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 3,385,281 shares of the utilities provider's stock valued at $191,979,000 after acquiring an additional 20,207 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Eversource Energy by 12.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider's stock worth $177,823,000 after purchasing an additional 354,429 shares during the last quarter. Zimmer Partners LP grew its stake in Eversource Energy by 730.4% during the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider's stock worth $151,642,000 after buying an additional 2,231,585 shares during the last quarter. Hsbc Holdings PLC grew its stake in Eversource Energy by 26.9% during the 2nd quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider's stock worth $100,110,000 after buying an additional 374,458 shares during the last quarter. Finally, M&G Plc lifted its stake in Eversource Energy by 16.8% in the second quarter. M&G Plc now owns 1,626,685 shares of the utilities provider's stock valued at $92,721,000 after buying an additional 234,361 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ES. Morgan Stanley lifted their price target on Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, August 23rd. Mizuho raised their target price on Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Bank of America lifted their target price on Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Finally, Barclays upped their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Eversource Energy currently has a consensus rating of "Hold" and an average target price of $70.46.

Eversource Energy Trading Down 0.1 %

Shares of ES stock traded down $0.06 on Wednesday, reaching $61.61. The company had a trading volume of 1,837,710 shares, compared to its average volume of 2,394,038. The stock has a market cap of $22.57 billion, a PE ratio of -39.28, a PEG ratio of 2.47 and a beta of 0.61. The company has a 50-day moving average of $64.99 and a 200-day moving average of $62.89. 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 12 month low of $52.09 and a 12 month high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the business posted $0.97 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Monday, September 23rd. Eversource Energy's payout ratio is presently -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.