Eversource Energy $ES Stock Position Lifted by Swedbank AB

Swedbank AB grew its position in Eversource Energy (NYSE:ES) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 662,413 shares of the utilities provider’s stock after acquiring an additional 11,322 shares during the quarter. Swedbank AB owned approximately 0.18% of Eversource Energy worth $47,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Neo Ivy Capital Management acquired a new position in Eversource Energy in the second quarter worth $26,000. Trust Co. of Toledo NA OH bought a new position in shares of Eversource Energy in the 2nd quarter worth about $28,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Eversource Energy in the 2nd quarter valued at about $31,000. Hilltop National Bank acquired a new position in shares of Eversource Energy in the 2nd quarter valued at about $32,000. Finally, Anchor Investment Management LLC grew its position in shares of Eversource Energy by 122.0% during the 2nd quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock valued at $35,000 after buying an additional 300 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ES shares. UBS Group cut their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Monday, November 24th. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $73.00 to $85.00 in a research note on Tuesday, October 21st. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.27.

Eversource Energy Stock Up 1.2%

ES opened at $67.16 on Thursday. The stock’s 50 day moving average price is $69.94 and its 200 day moving average price is $67.40. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. The stock has a market cap of $25.20 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.36 and a beta of 0.76. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $75.25.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.07. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. As a group, research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a dividend of $0.7525 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $3.01 annualized dividend and a yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) is presently 82.47%.

Insider Buying and Selling

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.77, for a total transaction of $300,467.33. Following the sale, the executive vice president directly owned 32,415 shares in the company, valued at approximately $2,358,839.55. The trade was a 11.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.