National Pension Service raised its position in shares of Eversource Energy (NYSE:ES - Free Report) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,479 shares of the utilities provider's stock after buying an additional 27,183 shares during the quarter. National Pension Service owned about 0.15% of Eversource Energy worth $35,691,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Lynx Investment Advisory purchased a new position in shares of Eversource Energy in the second quarter valued at $25,000. UMB Bank n.a. raised its position in Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 198 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Eversource Energy by 83.6% in the 1st quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 276 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $48,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Eversource Energy in the 1st quarter worth approximately $43,000. Institutional investors own 79.99% of the company's stock.
In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the business's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the transaction, the executive vice president now directly owns 9,847 shares in the company, valued at approximately $639,464.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares of the company's stock, valued at approximately $639,464.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Penelope M. Conner sold 815 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.
ES opened at $60.70 on Thursday. The company has a market capitalization of $21.69 billion, a price-to-earnings ratio of -38.66, a PEG ratio of 2.47 and a beta of 0.61. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The business's fifty day simple moving average is $66.14 and its 200-day simple moving average is $62.82.
Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 11.00%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. On average, equities research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.71%. The ex-dividend date was Monday, September 23rd. Eversource Energy's payout ratio is -182.17%.
A number of analysts recently issued reports on ES shares. Barclays raised their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. BMO Capital Markets lowered their target price on shares of Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a report on Tuesday, October 15th. Scotiabank upped their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Wells Fargo & Company raised 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. Finally, Morgan Stanley upped their target price on Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 23rd. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $70.07.
Check Out Our Latest Research Report on ES
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.
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