Van ECK Associates Corp increased its holdings in Eversource Energy (NYSE:ES - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,720 shares of the utilities provider's stock after buying an additional 11,062 shares during the period. Van ECK Associates Corp's holdings in Eversource Energy were worth $6,824,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its position in shares of Eversource Energy by 14.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider's stock valued at $90,000 after acquiring an additional 169 shares during the period. Addison Advisors LLC grew its position in shares of Eversource Energy by 27.4% during the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider's stock valued at $49,000 after purchasing an additional 185 shares in the last quarter. Bar Harbor Wealth Management grew its position in shares of Eversource Energy by 4.1% during the 2nd quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider's stock valued at $271,000 after purchasing an additional 190 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Eversource Energy by 2.5% in the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider's stock worth $475,000 after purchasing an additional 192 shares during the period. Finally, UMB Bank n.a. raised its position in shares of 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 in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.
Eversource Energy Trading Up 0.7 %
Eversource Energy stock traded up $0.44 during trading hours on Friday, reaching $61.26. The company had a trading volume of 840,245 shares, compared to its average volume of 2,405,959. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The company has a 50-day moving average price of $66.14 and a 200 day moving average price of $62.82. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of -38.74, a P/E/G ratio of 2.47 and a beta of 0.61.
Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 11.00%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. Equities analysts forecast that Eversource Energy will post 4.56 earnings per share for the current year.
Eversource Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.67%. Eversource Energy's dividend payout ratio (DPR) is presently -182.17%.
Insider Activity at Eversource Energy
In other news, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares of the company's stock, valued at approximately $591,596. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ES. Wells Fargo & Company upped their target price on Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Bank of America upped their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. Barclays lifted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Mizuho increased their price target 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. Finally, StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $70.46.
Check Out Our Latest Analysis on Eversource Energy
Eversource Energy Profile
(
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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