DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $11.83 Million Stock Holdings in Eversource Energy (NYSE:ES)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its position in shares of Eversource Energy (NYSE:ESGet Rating) by 23.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,038 shares of the utilities provider’s stock after selling 42,671 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Eversource Energy were worth $11,828,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Veritable L.P. grew its position in Eversource Energy by 1.5% during the first quarter. Veritable L.P. now owns 7,956 shares of the utilities provider’s stock worth $702,000 after buying an additional 118 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Eversource Energy by 2.6% during the second quarter. Raymond James Trust N.A. now owns 4,803 shares of the utilities provider’s stock worth $405,000 after purchasing an additional 121 shares during the period. Parcion Private Wealth LLC lifted its stake in Eversource Energy by 4.3% during the second quarter. Parcion Private Wealth LLC now owns 3,090 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 126 shares during the period. Advisory Services Network LLC lifted its stake in Eversource Energy by 5.9% during the second quarter. Advisory Services Network LLC now owns 2,307 shares of the utilities provider’s stock worth $195,000 after purchasing an additional 129 shares during the period. Finally, Valmark Advisers Inc. lifted its stake in Eversource Energy by 1.6% during the first quarter. Valmark Advisers Inc. now owns 8,616 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 133 shares during the period. 78.40% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

ES stock opened at $84.59 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.71 and a quick ratio of 0.66. The company has a 50 day moving average price of $77.87 and a 200 day moving average price of $84.37. Eversource Energy has a fifty-two week low of $70.54 and a fifty-two week high of $94.63. The stock has a market capitalization of $29.46 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 3.14 and a beta of 0.48.

Eversource Energy (NYSE:ESGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). Eversource Energy had a return on equity of 9.45% and a net margin of 11.85%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.72 billion. Analysts forecast that Eversource Energy will post 4.1 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be given a $0.6375 dividend. This represents a $2.55 annualized dividend and a yield of 3.01%. The ex-dividend date is Thursday, December 15th. Eversource Energy’s dividend payout ratio (DPR) is presently 63.59%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ES shares. Wells Fargo & Company raised their price target on shares of Eversource Energy from $89.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, December 2nd. StockNews.com started coverage on shares of Eversource Energy in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Evercore ISI raised their price target on shares of Eversource Energy to $86.00 in a research note on Friday, December 2nd. Guggenheim cut their target price on shares of Eversource Energy from $97.00 to $82.00 in a research note on Monday, October 24th. Finally, UBS Group lifted their target price on shares of Eversource Energy from $77.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, December 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average price target of $88.82.

About Eversource Energy

(Get Rating)

Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.

Further Reading

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

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