Brown Brothers Harriman & Co. Boosts Holdings in Eversource Energy (NYSE:ES)

Brown Brothers Harriman & Co. raised its holdings in Eversource Energy (NYSE:ESFree Report) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,147 shares of the utilities provider’s stock after acquiring an additional 166 shares during the period. Brown Brothers Harriman & Co.’s holdings in Eversource Energy were worth $418,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in ES. DRW Securities LLC acquired a new position in shares of Eversource Energy in the third quarter worth about $1,095,000. Fisher Asset Management LLC raised its position in shares of Eversource Energy by 1.9% in the third quarter. Fisher Asset Management LLC now owns 12,306 shares of the utilities provider’s stock worth $837,000 after acquiring an additional 232 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Eversource Energy by 32.2% in the third quarter. Daiwa Securities Group Inc. now owns 56,651 shares of the utilities provider’s stock worth $3,855,000 after acquiring an additional 13,785 shares during the period. Larson Financial Group LLC raised its position in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 350 shares during the period. Finally, Swedbank AB raised its position in shares of Eversource Energy by 2.2% in the third quarter. Swedbank AB now owns 524,379 shares of the utilities provider’s stock worth $35,684,000 after acquiring an additional 11,111 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 1.6 %

ES stock opened at $64.59 on Thursday. The company has a market cap of $23.67 billion, a price-to-earnings ratio of -41.14, a PEG ratio of 2.56 and a beta of 0.61. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. The firm has a 50-day moving average of $64.44 and a two-hundred day moving average of $62.97.

Eversource Energy (NYSE:ESGet Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $0.715 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.43%. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. BMO Capital Markets decreased their price objective on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley upped their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Barclays upped their price target 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. Finally, Scotiabank upped their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.46.

Read Our Latest Stock Analysis on Eversource Energy

Eversource Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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