Healthcare of Ontario Pension Plan Trust Fund Makes New $368,000 Investment in Eversource Energy (NYSE:ES)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Eversource Energy (NYSE:ES) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,415 shares of the utilities provider’s stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of Eversource Energy by 2.7% during the third quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock valued at $477,647,000 after purchasing an additional 185,381 shares during the period. Public Sector Pension Investment Board increased its stake in Eversource Energy by 0.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 3,385,281 shares of the utilities provider’s stock worth $191,979,000 after buying an additional 20,207 shares during the period. Bank of New York Mellon Corp lifted its holdings in Eversource Energy by 12.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider’s stock worth $177,823,000 after buying an additional 354,429 shares in the last quarter. Hsbc Holdings PLC boosted its position in Eversource Energy by 26.9% in the 2nd quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider’s stock valued at $100,110,000 after buying an additional 374,458 shares during the last quarter. Finally, M&G Plc grew its stake in shares of 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 acquiring an additional 234,361 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Down 1.3 %

ES stock opened at $63.67 on Tuesday. 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 firm’s 50-day simple moving average is $64.33 and its 200 day simple moving average is $63.03. The stock has a market cap of $23.33 billion, a PE ratio of -40.55, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts predict 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s dividend payout ratio is currently -182.17%.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of analyst reports. BMO Capital Markets reduced their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Mizuho raised their price target 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. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Barclays raised their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Bank of America upped their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. 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, the stock currently has an average rating of “Hold” and an average 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.