Eversource Energy (NYSE:ES) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its holdings in Eversource Energy (NYSE:ES) by 57.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,348 shares of the utilities provider’s stock after acquiring an additional 2,313 shares during the period. Vinva Investment Management Ltd’s holdings in Eversource Energy were worth $429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ES. Bensler LLC acquired a new stake in Eversource Energy in the second quarter valued at approximately $316,000. M&G Plc boosted its stake in shares of Eversource Energy by 16.8% in the second quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock valued at $92,721,000 after purchasing an additional 234,361 shares during the period. Landscape Capital Management L.L.C. grew its holdings in Eversource Energy by 46.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock valued at $2,151,000 after purchasing an additional 10,093 shares in the last quarter. Cetera Investment Advisers increased its stake in Eversource Energy by 283.2% during the 1st quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider’s stock worth $5,443,000 after buying an additional 67,300 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in Eversource Energy by 23.2% in the 2nd quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock worth $7,636,000 after buying an additional 25,377 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.2 %

Shares of NYSE:ES opened at $64.49 on Friday. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The company’s fifty day moving average is $64.33 and its two-hundred day moving average is $63.02. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a market capitalization of $23.63 billion, a price-to-earnings ratio of -41.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. Eversource Energy’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.43%. Eversource Energy’s payout ratio is currently -182.17%.

Wall Street Analysts Forecast Growth

ES has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. BMO Capital Markets lowered their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Mizuho increased their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.58.

Eversource Energy Company Profile

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.