Eversource Energy $ES Stock Holdings Boosted by Swedbank AB

Swedbank AB lifted its position in Eversource Energy (NYSE:ES) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 662,413 shares of the utilities provider’s stock after buying an additional 11,322 shares during the quarter. Swedbank AB’s holdings in Eversource Energy were worth $47,124,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Eversource Energy by 7.9% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock worth $26,673,000 after buying an additional 30,641 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Eversource Energy during the 2nd quarter worth $32,000. Advisors Asset Management Inc. grew its holdings in shares of Eversource Energy by 31.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock worth $2,506,000 after acquiring an additional 9,350 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Eversource Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock worth $2,904,422,000 after purchasing an additional 691,165 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in shares of Eversource Energy during the second quarter worth $477,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Monday, November 24th. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. BMO Capital Markets cut their price target on shares of Eversource Energy from $79.00 to $77.00 and set a “market perform” rating on the stock in a report on Thursday, November 6th. TD Cowen started coverage on shares of Eversource Energy in a research note on Thursday, October 16th. They issued a “hold” rating and a $76.00 price objective for the company. Finally, UBS Group lowered their price objective on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.27.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.77, for a total value of $300,467.33. Following the transaction, the executive vice president owned 32,415 shares in the company, valued at $2,358,839.55. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Eversource Energy Stock Performance

ES stock opened at $67.16 on Thursday. The firm has a 50 day simple moving average of $69.94 and a 200 day simple moving average of $67.40. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25. The stock has a market cap of $25.20 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.36 and a beta of 0.76. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.64 and a current ratio of 0.71.

Eversource Energy (NYSE:ES) last released its earnings results on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.07. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.28 billion. Eversource Energy had a net margin of 10.22% and a return on equity of 11.06%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 EPS. Research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, December 17th. Eversource Energy’s dividend payout ratio (DPR) is currently 82.47%.

Eversource Energy Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.