Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Eversource Energy (NYSE:ES)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Eversource Energy (NYSE:ES - Free Report) by 39.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395,064 shares of the utilities provider's stock after buying an additional 111,206 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.11% of Eversource Energy worth $26,884,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ES. Bensler LLC acquired a new position in shares of Eversource Energy in the 2nd quarter valued at $316,000. M&G Plc raised its position in shares of Eversource Energy by 16.8% in the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider's stock valued at $92,721,000 after acquiring an additional 234,361 shares during the period. Landscape Capital Management L.L.C. lifted its holdings in Eversource Energy by 46.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider's stock valued at $2,151,000 after purchasing an additional 10,093 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Eversource Energy by 283.2% in the first quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider's stock worth $5,443,000 after purchasing an additional 67,300 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Eversource Energy by 23.2% in the 2nd quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider's stock worth $7,636,000 after buying an additional 25,377 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Analyst Ratings Changes

ES has been the subject of a number of recent research reports. BMO Capital Markets reduced their target price on shares of Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research report on Tuesday, October 15th. Scotiabank lifted their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Morgan Stanley lifted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research report on Friday, August 23rd. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company upped their target price on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Eversource Energy presently has an average rating of "Hold" and an average price target of $70.58.

Eversource Energy Stock Performance

NYSE ES traded down $0.10 on Friday, hitting $64.49. 912,519 shares of the stock traded hands, compared to its average volume of 2,376,939. The business's fifty day moving average is $64.33 and its two-hundred day moving average is $63.00. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. The firm has a market capitalization of $23.63 billion, a price-to-earnings ratio of -41.07, a PEG ratio of 2.58 and a beta of 0.61. 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 (NYSE:ES - Get Free Report) last posted its quarterly 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 negative net margin of 4.73% and a positive return on equity of 10.90%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. As a group, equities analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.43%. Eversource Energy's payout ratio is presently -182.17%.

About Eversource Energy

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.