UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $337.27 Million Stock Position in Eversource Energy (NYSE:ES)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Eversource Energy (NYSE:ES) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,956,214 shares of the utilities provider’s stock after purchasing an additional 216,630 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Eversource Energy were worth $337,270,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ES. Lynx Investment Advisory bought a new position in Eversource Energy during the second quarter worth about $25,000. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new position in shares of Eversource Energy during the 3rd quarter worth approximately $32,000. UMB Bank n.a. increased its holdings in shares of Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 198 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research analyst reports. Mizuho lifted their price objective 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. BMO Capital Markets decreased their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Wells Fargo & Company increased their target price on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays upped their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $70.58.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $64.48 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $23.63 billion, a PE ratio of -41.07, a PEG ratio of 2.58 and a beta of 0.61. The firm has a 50 day moving average of $64.33 and a 200-day moving average of $63.00. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01.

Eversource Energy (NYSE:ES) last released its 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. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.44%. Eversource Energy’s dividend payout ratio (DPR) 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.