Fmr LLC Has $477.65 Million Stock Holdings in Eversource Energy (NYSE:ES)

Fmr LLC lifted its holdings in shares of Eversource Energy (NYSE:ES) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,019,064 shares of the utilities provider’s stock after buying an additional 185,381 shares during the period. Fmr LLC’s holdings in Eversource Energy were worth $477,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Lynx Investment Advisory bought a new stake in Eversource Energy during the second quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy during the 3rd quarter worth $32,000. UMB Bank n.a. grew its stake in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC raised its holdings in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 350 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new position in Eversource Energy during the 1st quarter worth $43,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ES shares. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Wells Fargo & Company lifted their price target on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Scotiabank increased their price objective on Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Mizuho boosted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets reduced their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.58.

Eversource Energy Stock Performance

NYSE ES opened at $64.48 on Friday. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The stock has a market cap of $23.63 billion, a P/E ratio of -41.07, a PEG ratio of 2.58 and a beta of 0.61. The company’s 50-day simple moving average is $64.33 and its 200 day simple moving average is $63.00.

Eversource Energy (NYSE:ES) last issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. As a group, research analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.44%. Eversource Energy’s dividend payout ratio is presently -182.17%.

About Eversource Energy

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.