Pathstone Holdings LLC Purchases 331 Shares of Eversource Energy (NYSE:ES)

Pathstone Holdings LLC boosted its position in shares of Eversource Energy (NYSE:ES) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,798 shares of the utilities provider’s stock after purchasing an additional 331 shares during the period. Pathstone Holdings LLC’s holdings in Eversource Energy were worth $3,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bensler LLC purchased a new stake in shares of Eversource Energy during the second quarter valued at $316,000. M&G Plc boosted its position in 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 buying an additional 234,361 shares during the period. Virtu Financial LLC bought a new position in Eversource Energy in the 1st quarter worth about $1,280,000. California State Teachers Retirement System increased its position in shares of Eversource Energy by 10.0% during the first quarter. California State Teachers Retirement System now owns 847,789 shares of the utilities provider’s stock worth $50,672,000 after acquiring an additional 77,184 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Eversource Energy by 283.2% during the first quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider’s stock valued at $5,443,000 after acquiring an additional 67,300 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ES has been the topic of several research reports. Barclays raised their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Mizuho raised 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. Finally, BMO Capital Markets lowered 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 report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.46.

Eversource Energy Stock Up 1.0 %

Eversource Energy stock opened at $63.38 on Monday. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The business has a fifty day moving average price of $64.68 and a 200-day moving average price of $62.93. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The stock has a market capitalization of $23.22 billion, a price-to-earnings ratio of -40.37, a PEG ratio of 2.51 and a beta of 0.61.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Equities research analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a $0.715 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.51%. Eversource Energy’s dividend payout ratio is currently -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.