Swiss National Bank Has $71.15 Million Stake in Eversource Energy (NYSE:ES)

Swiss National Bank lifted its stake in Eversource Energy (NYSE:ES) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045,533 shares of the utilities provider’s stock after purchasing an additional 10,200 shares during the period. Swiss National Bank’s holdings in Eversource Energy were worth $71,149,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lynx Investment Advisory bought a new position in Eversource Energy in the 2nd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy in the third quarter valued at about $32,000. UMB Bank n.a. increased its position in Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares during the period. MFA Wealth Advisors LLC bought a new stake in Eversource Energy during the 3rd quarter worth about $48,000. Finally, Pathway Financial Advisers LLC acquired a new position in Eversource Energy during the 1st quarter valued at about $43,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.6 %

NYSE:ES opened at $61.67 on Wednesday. The stock has a 50-day simple moving average of $64.99 and a 200 day simple moving average of $62.89. Eversource Energy has a 52-week low of $52.09 and a 52-week high of $69.01. The company has a market cap of $22.60 billion, a PE ratio of -39.28, a PEG ratio of 2.47 and a beta of 0.61. 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 (NYSE:ES) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company earned $0.97 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.64%. Eversource Energy’s dividend payout ratio is -182.17%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ES. Morgan Stanley boosted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. BMO Capital Markets reduced their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Mizuho increased their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank upped their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average price target of $70.46.

Eversource Energy Profile

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.