Empower Advisory Group LLC Purchases 39,863 Shares of Eversource Energy (NYSE:ES)

Empower Advisory Group LLC boosted its holdings in shares of Eversource Energy (NYSE:ES) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,176,232 shares of the utilities provider’s stock after purchasing an additional 39,863 shares during the period. Empower Advisory Group LLC owned about 0.33% of Eversource Energy worth $80,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Canada Pension Plan Investment Board lifted its position in shares of Eversource Energy by 6.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 646,334 shares of the utilities provider’s stock worth $38,631,000 after purchasing an additional 37,219 shares during the period. Sei Investments Co. boosted its position in Eversource Energy by 62.9% during the 1st quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider’s stock valued at $27,518,000 after acquiring an additional 177,692 shares in the last quarter. Bensler LLC purchased a new position in shares of Eversource Energy during the 2nd quarter worth approximately $316,000. M&G Plc raised its position in shares of Eversource Energy by 16.8% in the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock worth $92,721,000 after acquiring an additional 234,361 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Eversource Energy in the 1st quarter valued at approximately $1,280,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.9 %

Shares of NYSE:ES opened at $60.57 on Wednesday. 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 firm’s 50 day moving average price is $65.77 and its 200-day moving average price is $62.85.

Eversource Energy (NYSE:ES) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. Research analysts predict that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.72%. Eversource Energy’s payout ratio is -182.17%.

Analysts Set New Price Targets

Several research firms recently weighed in on ES. Wells Fargo & Company upped their price target on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays raised their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets dropped their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Mizuho raised their price target 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, Morgan Stanley boosted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus price target of $70.46.

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.