Eversource Energy (NYSE:ES) Stock Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in Eversource Energy (NYSE:ES) by 13.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 10,127 shares of the utilities provider’s stock after purchasing an additional 1,222 shares during the period. QRG Capital Management Inc.’s holdings in Eversource Energy were worth $689,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ES. Canada Pension Plan Investment Board raised its position in shares of Eversource Energy by 6.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 646,334 shares of the utilities provider’s stock worth $38,631,000 after buying an additional 37,219 shares in the last quarter. Sei Investments Co. grew its position in Eversource Energy by 62.9% during the first quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider’s stock valued at $27,518,000 after purchasing an additional 177,692 shares in the last quarter. Bensler LLC purchased a new position in Eversource Energy during the second quarter valued at approximately $316,000. M&G Plc grew its position in Eversource Energy by 16.8% during 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 in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Eversource Energy in the first quarter valued at approximately $1,280,000. 79.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at approximately $591,596. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ES. Wells Fargo & Company lifted their target price on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Mizuho boosted their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Scotiabank boosted their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley upped their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $70.46.

Eversource Energy Stock Up 1.0 %

Shares of NYSE ES opened at $61.40 on Friday. The firm’s 50-day simple moving average is $65.90 and its 200 day simple moving average is $62.81. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. The company has a market cap of $22.50 billion, a price-to-earnings ratio of -39.11, a price-to-earnings-growth ratio of 2.37 and a beta of 0.61.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results 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. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 11.00%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. On average, research analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.66%. Eversource Energy’s dividend payout ratio is currently -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.