GSA Capital Partners LLP Acquires 11,769 Shares of Eversource Energy (NYSE:ES)

GSA Capital Partners LLP grew its holdings in Eversource Energy (NYSE:ES) by 34.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,960 shares of the utilities provider’s stock after purchasing an additional 11,769 shares during the quarter. GSA Capital Partners LLP’s holdings in Eversource Energy were worth $3,128,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lynx Investment Advisory acquired a new stake in shares of Eversource Energy in the 2nd quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $32,000. UMB Bank n.a. raised its position in shares of Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 198 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of Eversource Energy in the 1st quarter valued at approximately $43,000. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $48,000. Institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ES. Bank of America raised their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank raised their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Mizuho raised their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their target price on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average target price of $70.46.

Eversource Energy Stock Down 0.5 %

ES opened at $61.09 on Tuesday. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.86. The company has a market capitalization of $22.38 billion, a P/E ratio of -38.91, a P/E/G ratio of 2.46 and a beta of 0.61. The stock has a fifty day moving average of $65.90 and a 200-day moving average of $62.85.

Eversource Energy (NYSE:ES) last posted its 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. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio is currently -182.17%.

Eversource Energy 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.