Eversource Energy (NYSE:ES) Shares Bought by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd grew its position in shares of Eversource Energy (NYSE:ES) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 270,834 shares of the utilities provider’s stock after acquiring an additional 11,554 shares during the quarter. Border to Coast Pensions Partnership Ltd owned about 0.08% of Eversource Energy worth $18,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ES. B. Riley Wealth Advisors Inc. boosted its position in shares of Eversource Energy by 15.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,375 shares of the utilities provider’s stock worth $270,000 after buying an additional 590 shares during the period. GAMMA Investing LLC boosted its position in shares of Eversource Energy by 25.9% in the first quarter. GAMMA Investing LLC now owns 1,738 shares of the utilities provider’s stock worth $104,000 after buying an additional 357 shares during the period. RFG Advisory LLC boosted its position in shares of Eversource Energy by 12.7% in the first quarter. RFG Advisory LLC now owns 4,382 shares of the utilities provider’s stock worth $262,000 after buying an additional 493 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Eversource Energy by 49.7% in the first quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock worth $33,000 after buying an additional 181 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in Eversource Energy in the first quarter valued at about $2,520,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

Shares of Eversource Energy stock traded down $0.07 on Monday, reaching $66.06. 553,037 shares of the company were exchanged, compared to its average volume of 2,411,603. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. The company’s 50-day moving average is $66.45 and its two-hundred day moving average is $62.29. The firm has a market cap of $23.27 billion, a price-to-earnings ratio of -56.04, a P/E/G ratio of 2.49 and a beta of 0.61. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the firm earned $1.00 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts expect that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.33%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio is currently -242.37%.

Analyst Ratings Changes

A number of research analysts recently commented on ES shares. BMO Capital Markets reduced their price target 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. Morgan Stanley increased their price target on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Scotiabank increased their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays increased their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Mizuho increased their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average price target of $70.07.

Insider Activity at Eversource Energy

In related news, EVP Penelope M. Conner sold 815 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at approximately $591,596. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 500 shares of the 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 disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

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.