Eversource Energy (NYSE:ES) Short Interest Update

Eversource Energy (NYSE:ES) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 4,370,000 shares, a growth of 6.6% from the October 31st total of 4,100,000 shares. Based on an average daily trading volume, of 2,040,000 shares, the short-interest ratio is currently 2.1 days.

Eversource Energy Trading Down 1.3 %

NYSE:ES opened at $63.67 on Tuesday. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a 50-day moving average price of $64.33 and a 200 day moving average price of $63.03.

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

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

Institutional Investors Weigh In On Eversource Energy

Several large investors have recently made changes to their positions in ES. Bensler LLC purchased a new stake in shares of Eversource Energy during the 2nd quarter valued at $316,000. M&G Plc lifted its holdings in Eversource Energy by 16.8% during the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock worth $92,721,000 after buying an additional 234,361 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock worth $2,151,000 after purchasing an additional 10,093 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Eversource Energy by 283.2% during the first quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider’s stock worth $5,443,000 after buying an additional 67,300 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Eversource Energy by 23.2% in the 2nd quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock valued at $7,636,000 after purchasing an additional 25,377 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America increased their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Morgan Stanley increased their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Mizuho upped their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Barclays increased their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus target price of $70.58.

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.