UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 216,630 Shares of Eversource Energy (NYSE:ES)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,956,214 shares of the utilities provider's stock after buying an additional 216,630 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.35% of Eversource Energy worth $337,270,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ES. Bensler LLC bought a new position in Eversource Energy during the second quarter worth $316,000. M&G Plc boosted its stake in Eversource Energy by 16.8% during the second quarter. M&G Plc now owns 1,626,685 shares of the utilities provider's stock worth $92,721,000 after acquiring an additional 234,361 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider's stock worth $2,151,000 after acquiring an additional 10,093 shares in the last quarter. Cetera Investment Advisers boosted its stake in Eversource Energy by 283.2% during the first quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider's stock worth $5,443,000 after acquiring an additional 67,300 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Eversource Energy by 23.2% during the second quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider's stock worth $7,636,000 after acquiring an additional 25,377 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ES shares. Barclays increased their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. BMO Capital Markets dropped their price objective on shares of 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. Mizuho raised their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Finally, StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy has an average rating of "Hold" and a consensus target price of $70.58.

Eversource Energy Stock Performance

NYSE ES traded down $0.10 during trading hours on Friday, reaching $64.49. 912,519 shares of the company were exchanged, compared to its average volume of 2,376,939. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The business's 50 day simple moving average is $64.33 and its 200-day simple moving average is $63.00. 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 has a market capitalization of $23.63 billion, a P/E ratio of -41.07, a P/E/G ratio of 2.58 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data 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. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company posted $0.97 earnings per share. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts expect 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. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.43%. Eversource Energy's dividend payout ratio (DPR) 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.