32,447 Eversource Energy $ES Shares Bought by M&G PLC

M&G PLC boosted its holdings in Eversource Energy (NYSE:ES) by 3.7% during the third quarter, Holdings Channel reports. The fund owned 898,389 shares of the utilities provider’s stock after purchasing an additional 32,447 shares during the period. M&G PLC’s holdings in Eversource Energy were worth $57,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its stake in shares of Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 240 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Eversource Energy during the second quarter worth about $26,000. First Bancorp Inc ME acquired a new stake in Eversource Energy in the second quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. bought a new stake in Eversource Energy during the 2nd quarter worth $36,000. Finally, Pathway Financial Advisers LLC bought a new position in Eversource Energy in the 3rd quarter valued at approximately $46,000. Institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ES shares. BMO Capital Markets reduced their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Mizuho boosted their price objective on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Citigroup started coverage on shares of Eversource Energy in a research note on Monday, July 27th. They issued a “hold” rating and a $81.00 target price on the stock. HSBC initiated coverage on Eversource Energy in a report on Thursday, October 22nd. They issued a “hold” rating and a $70.00 price target for the company. Finally, Barclays initiated coverage on Eversource Energy in a research report on Friday. They set an “equal weight” rating and a $76.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $73.17.

Eversource Energy Stock Down 0.4%

ES stock opened at $69.58 on Tuesday. The company has a market capitalization of $26.21 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a fifty-two week low of $62.72 and a fifty-two week high of $76.57. The business’s 50 day moving average price is $67.33 and its two-hundred day moving average price is $70.02.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, November 4th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.20 billion. Eversource Energy had a net margin of 10.38% and a return on equity of 10.68%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period last year, the business earned $1.19 earnings per share. As a group, analysts forecast that Eversource Energy will post 4.63 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, September 21st. Eversource Energy’s dividend payout ratio (DPR) is presently 83.11%.

About Eversource Energy

Eversource Energy is a public utility holding company that delivers electricity and natural gas to customers in New England. Its businesses include electric transmission and distribution, natural gas distribution, and related energy services.

The company serves customers in Connecticut, Massachusetts, and New Hampshire through local utility subsidiaries. Its operations include maintaining and upgrading the networks used to deliver energy to homes and businesses.

Eversource traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015 after combining with NSTAR.