Baillie Gifford & Co. Has $15.83 Million Stake in Eversource Energy $ES

Baillie Gifford & Co. raised its stake in Eversource Energy (NYSE:ES) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 222,561 shares of the utilities provider’s stock after purchasing an additional 23,451 shares during the period. Baillie Gifford & Co. owned 0.06% of Eversource Energy worth $15,833,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Eversource Energy by 8.9% during the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after buying an additional 1,319 shares during the last quarter. Woodline Partners LP boosted its position in Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after purchasing an additional 8,984 shares during the last quarter. Acadian Asset Management LLC grew its position in Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after buying an additional 801 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Eversource Energy by 31.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 18,315 shares of the utilities provider’s stock worth $1,165,000 after purchasing an additional 4,373 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Eversource Energy by 5.4% in the second quarter. Park Avenue Securities LLC now owns 15,560 shares of the utilities provider’s stock valued at $990,000 after buying an additional 804 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP James W. Hunt III sold 4,129 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Price Performance

Shares of ES opened at $69.54 on Friday. The firm’s 50-day simple moving average is $67.79 and its two-hundred day simple moving average is $68.08. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $75.25. The stock has a market cap of $26.09 billion, a PE ratio of 19.05, a price-to-earnings-growth 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 posted its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.07. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.7525 per share. The ex-dividend date was Wednesday, December 17th. This represents a $3.01 annualized dividend and a dividend yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is presently 82.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $79.00 to $63.00 in a research note on Wednesday, November 19th. BMO Capital Markets cut their price target on shares of Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. decreased their price objective on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. TD Cowen initiated coverage on Eversource Energy in a research note on Thursday, October 16th. They set a “hold” rating and a $76.00 price objective on the stock. Finally, Bank of America upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $73.00 to $85.00 in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.50.

Eversource Energy Company 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.