Eversource Energy (NYSE:ES) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC grew its holdings in Eversource Energy (NYSE:ES) by 76.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,389 shares of the utilities provider’s stock after purchasing an additional 4,065 shares during the quarter. Empowered Funds LLC’s holdings in Eversource Energy were worth $639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in Eversource Energy during the first quarter worth approximately $700,000. Price T Rowe Associates Inc. MD boosted its position in shares of Eversource Energy by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 466,254 shares of the utilities provider’s stock valued at $27,869,000 after acquiring an additional 6,556 shares during the last quarter. Ascent Group LLC grew its holdings in shares of Eversource Energy by 1.9% in the first quarter. Ascent Group LLC now owns 25,942 shares of the utilities provider’s stock valued at $1,551,000 after purchasing an additional 488 shares during the period. Paloma Partners Management Co acquired a new stake in Eversource Energy during the first quarter worth about $382,000. Finally, Bayesian Capital Management LP increased its position in Eversource Energy by 205.6% during the first quarter. Bayesian Capital Management LP now owns 27,200 shares of the utilities provider’s stock worth $1,626,000 after purchasing an additional 18,300 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $63.38 on Friday. The business’s fifty day moving average price is $64.68 and its 200 day moving average price is $62.92. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $23.22 billion, a P/E ratio of -40.37, a PEG ratio of 2.51 and a beta of 0.61.

Eversource Energy (NYSE:ES) last posted its 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. 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 for the quarter, compared to analyst estimates of $3.06 billion. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Wall Street Analyst Weigh In

ES has been the subject of several analyst reports. BMO Capital Markets dropped their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company raised 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. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised their price objective on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Mizuho upped their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and an average target price of $70.46.

Eversource Energy 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.