Eversource Energy $ES Shares Bought by National Pension Service

National Pension Service lifted its holdings in shares of Eversource Energy (NYSE:ES) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 545,275 shares of the utilities provider’s stock after acquiring an additional 12,482 shares during the quarter. National Pension Service owned 0.15% of Eversource Energy worth $38,791,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ES. Vanguard Group Inc. lifted its holdings in shares of Eversource Energy by 1.5% in the 2nd 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 last quarter. State Street Corp raised its position in Eversource Energy by 1.7% in the second quarter. State Street Corp now owns 27,343,038 shares of the utilities provider’s stock worth $1,739,564,000 after acquiring an additional 465,822 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Eversource Energy by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 9,273,415 shares of the utilities provider’s stock valued at $587,449,000 after acquiring an additional 211,962 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Eversource Energy by 1.1% in the second quarter. Magellan Asset Management Ltd now owns 6,952,127 shares of the utilities provider’s stock valued at $442,294,000 after buying an additional 75,784 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Eversource Energy during the second quarter valued at approximately $274,744,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Performance

Eversource Energy stock opened at $67.99 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. The firm has a market capitalization of $25.51 billion, a P/E ratio of 18.63, a P/E/G ratio of 2.35 and a beta of 0.77. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $75.25. The stock has a fifty day moving average price of $67.97 and a two-hundred day moving average price of $68.28.

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

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. The ex-dividend date is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy’s dividend payout ratio (DPR) is currently 82.47%.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $72.77, for a total transaction of $300,467.33. Following the transaction, the executive vice president owned 32,415 shares of the company’s stock, valued at approximately $2,358,839.55. This represents a 11.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $73.00 to $85.00 in a research note on Tuesday, October 21st. JPMorgan Chase & Co. dropped their price target on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Monday, November 24th. Mizuho reissued a “neutral” rating and set a $68.00 target price (down from $81.00) on shares of Eversource Energy in a research report on Thursday, November 20th. Finally, TD Cowen assumed coverage on shares of Eversource Energy in a report on Thursday, October 16th. They issued a “hold” rating and a $76.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $71.50.

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.