8,093 Shares in Eversource Energy $ES Purchased by StoneX Group Inc.

StoneX Group Inc. bought a new position in Eversource Energy (NYSE:ES) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,093 shares of the utilities provider’s stock, valued at approximately $541,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional lifted its holdings in Eversource Energy by 4.3% during the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 144 shares in the last quarter. Bank & Trust Co boosted its position in shares of Eversource Energy by 2.0% in the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock worth $539,000 after purchasing an additional 149 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Eversource Energy by 1.3% in the third quarter. Oppenheimer & Co. Inc. now owns 11,498 shares of the utilities provider’s stock worth $738,000 after purchasing an additional 151 shares in the last quarter. Kintegral Advisory LLC increased its stake in shares of Eversource Energy by 0.6% in the third quarter. Kintegral Advisory LLC now owns 27,019 shares of the utilities provider’s stock worth $1,734,000 after purchasing an additional 152 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. increased its stake in shares of Eversource Energy by 3.1% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,131 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ES shares. BMO Capital Markets lowered their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. cut their price target on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating for the company in a research note on Monday, October 19th. Barclays assumed coverage on Eversource Energy in a research note on Friday, November 6th. They issued an “equal weight” rating and a $76.00 price target for the company. Mizuho raised their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Citigroup initiated coverage on Eversource Energy in a research report on Monday, July 27th. They issued a “hold” rating and a $81.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.17.

Eversource Energy Trading Up 1.3%

ES stock opened at $70.55 on Thursday. Eversource Energy has a 1-year low of $62.72 and a 1-year high of $76.57. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.76 and a quick ratio of 0.74. The company has a market capitalization of $26.60 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 3.03 and a beta of 0.66. The business has a 50 day simple moving average of $67.31 and a two-hundred day simple moving average of $70.02.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, November 4th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business 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 10.67%. The company’s revenue was down 7.5% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. Research analysts anticipate that Eversource Energy will post 4.63 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

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

Eversource Energy Profile

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.