Eversource Energy $ES Shares Newly Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new stake in Eversource Energy (NYSE:ES) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,157 shares of the utilities provider’s stock, valued at approximately $4,822,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ES. BlackRock Inc. bought a new stake in shares of Eversource Energy in the 2nd quarter valued at about $3,086,413,000. Legal & General Group Plc bought a new position in Eversource Energy during the 2nd quarter worth approximately $359,215,000. Deutsche Bank AG bought a new position in Eversource Energy during the 2nd quarter worth approximately $311,548,000. Hsbc Holdings PLC bought a new position in Eversource Energy during the 2nd quarter worth approximately $272,105,000. Finally, Magellan Asset Management Ltd bought a new position in Eversource Energy during the 2nd quarter worth approximately $248,397,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.1%

Shares of NYSE:ES opened at $69.53 on Wednesday. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 3.02 and a beta of 0.66. Eversource Energy has a 12 month low of $62.72 and a 12 month high of $76.57. The company’s fifty day simple moving average is $67.31 and its 200 day simple moving average is $70.01. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.58.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, November 4th. The utilities provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 10.67%. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 EPS. As a group, research analysts forecast that Eversource Energy will post 4.63 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on ES. Citigroup initiated 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 for the company. Mizuho increased their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. HSBC started coverage on shares of Eversource Energy in a research report on Thursday, October 22nd. They set a “hold” rating and a $70.00 price target on the stock. Weiss Ratings lowered shares of Eversource Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, BMO Capital Markets lowered their price objective on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $73.17.

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.