Public Sector Pension Investment Board Increases Holdings in Eversource Energy (NYSE:ES)

Public Sector Pension Investment Board grew its stake in Eversource Energy (NYSE:ES) by 0.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,387,881 shares of the utilities provider’s stock after acquiring an additional 2,600 shares during the quarter. Eversource Energy accounts for 1.2% of Public Sector Pension Investment Board’s portfolio, making the stock its 13th biggest holding. Public Sector Pension Investment Board owned about 0.92% of Eversource Energy worth $230,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ES. Lynx Investment Advisory bought a new stake in shares of Eversource Energy during the second quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in Eversource Energy during the 3rd quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy in the 3rd quarter worth $32,000. UMB Bank n.a. raised its stake in shares of Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ES. BMO Capital Markets reduced their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Bank of America lifted their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays lifted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Mizuho boosted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $70.46.

Eversource Energy Trading Up 1.6 %

NYSE:ES opened at $64.59 on Thursday. The business has a fifty day moving average price of $64.44 and a 200-day moving average price of $62.97. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The firm has a market capitalization of $23.67 billion, a price-to-earnings ratio of -41.14, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61.

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

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

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.