Magnetar Financial LLC purchased a new position in Eversource Energy (NYSE:ES) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,038 shares of the utilities provider’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Buckingham Asset Management LLC increased its position in Eversource Energy by 0.6% during the second quarter. Buckingham Asset Management LLC now owns 4,047 shares of the utilities provider’s stock valued at $246,000 after acquiring an additional 25 shares during the last quarter. MAI Capital Management increased its position in Eversource Energy by 0.6% during the second quarter. MAI Capital Management now owns 4,408 shares of the utilities provider’s stock valued at $268,000 after acquiring an additional 25 shares during the last quarter. Advisory Services Network LLC increased its position in Eversource Energy by 1.7% during the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 32 shares during the last quarter. Atlantic Trust Group LLC increased its position in Eversource Energy by 0.3% during the second quarter. Atlantic Trust Group LLC now owns 27,142 shares of the utilities provider’s stock valued at $1,649,000 after acquiring an additional 68 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Eversource Energy by 0.5% during the second quarter. MML Investors Services LLC now owns 14,104 shares of the utilities provider’s stock valued at $856,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

In other news, COO Werner J. Schweiger sold 10,098 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $64.68, for a total value of $653,138.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

ES has been the topic of a number of analyst reports. Credit Suisse Group boosted their price objective on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Williams Capital boosted their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Morgan Stanley boosted their price objective on shares of Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Bank of America assumed coverage on shares of Eversource Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $62.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $64.50.

Eversource Energy (NYSE ES) opened at $64.62 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The company has a market cap of $20,527.86, a PE ratio of 21.03, a PEG ratio of 3.50 and a beta of 0.31. Eversource Energy has a 1-year low of $53.72 and a 1-year high of $66.15.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.06 billion. Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. research analysts predict that Eversource Energy will post 3.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, December 15th. Eversource Energy’s payout ratio is presently 61.69%.

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Eversource Energy Company Profile

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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