Intech Investment Management LLC Has $2.74 Million Holdings in Eversource Energy (NYSE:ES)

Intech Investment Management LLC boosted its position in shares of Eversource Energy (NYSE:ES) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,268 shares of the utilities provider’s stock after acquiring an additional 2,296 shares during the period. Intech Investment Management LLC’s holdings in Eversource Energy were worth $2,740,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of 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 purchasing an additional 20,207 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Eversource Energy by 12.7% during the second 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 during the last quarter. Zimmer Partners LP lifted its holdings in shares of Eversource Energy by 730.4% during the first quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock worth $151,642,000 after buying an additional 2,231,585 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Eversource Energy by 26.9% in the second quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider’s stock worth $100,110,000 after acquiring an additional 374,458 shares during the last quarter. Finally, M&G Plc grew 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 worth $92,721,000 after acquiring an additional 234,361 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Bank of America increased their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Morgan Stanley lifted their target price on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. BMO Capital Markets cut 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 lifted their price objective on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Barclays upped their target price on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $70.46.

Eversource Energy Stock Up 1.0 %

Shares of NYSE:ES opened at $63.38 on Friday. The company’s fifty day moving average is $64.68 and its 200-day moving average is $62.92. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The company has a market capitalization of $23.22 billion, a PE ratio of -40.37, a P/E/G ratio of 2.51 and a beta of 0.61.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.51%. Eversource Energy’s payout ratio is -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.