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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Eversource Energy (NYSE:ES) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,956,214 shares of the utilities provider’s stock after purchasing an additional 216,630 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.35% of Eversource Energy worth $337,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC grew its holdings in shares of Eversource Energy by 201.4% during the second quarter. Los Angeles Capital Management LLC now owns 974,665 shares of the utilities provider’s stock worth $55,273,000 after purchasing an additional 651,263 shares during the last quarter. Millennium Management LLC increased its position in Eversource Energy by 75.8% in the 2nd quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider’s stock valued at $74,142,000 after acquiring an additional 563,756 shares in the last quarter. Hsbc Holdings PLC raised 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. Bank of New York Mellon Corp lifted its position 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 purchasing an additional 354,429 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Eversource Energy during the third quarter valued at approximately $176,214,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.2 %

ES opened at $64.48 on Friday. The firm’s fifty day simple moving average is $64.33 and its 200 day simple moving average is $63.00. The stock has a market capitalization of $23.63 billion, a P/E ratio of -41.07, a P/E/G ratio of 2.58 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.

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

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 4.44%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

Wall Street Analyst Weigh In

ES has been the subject of a number of recent research reports. Scotiabank boosted their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Mizuho lifted their price target 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 cut their price objective on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Finally, Barclays lifted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus price target 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.