DRW Securities LLC Purchases New Shares in Eversource Energy (NYSE:ES)

DRW Securities LLC purchased a new stake in shares of Eversource Energy (NYSE:ES) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 16,094 shares of the utilities provider’s stock, valued at approximately $1,095,000.

Other large investors have also added to or reduced their stakes in the company. Zimmer Partners LP boosted its stake in Eversource Energy by 730.4% during the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock valued at $151,642,000 after acquiring an additional 2,231,585 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Eversource Energy by 201.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 974,665 shares of the utilities provider’s stock worth $55,273,000 after buying an additional 651,263 shares during the last quarter. Millennium Management LLC lifted its position in shares of Eversource Energy by 75.8% in the 2nd quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider’s stock worth $74,142,000 after buying an additional 563,756 shares during the last quarter. Swedbank AB bought a new position in shares of Eversource Energy in the 1st quarter worth about $31,928,000. Finally, Hsbc Holdings PLC lifted its position in shares of Eversource Energy by 26.9% in the 2nd quarter. Hsbc Holdings PLC now owns 1,765,481 shares of the utilities provider’s stock worth $100,110,000 after buying an additional 374,458 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ES. Mizuho raised 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. Barclays raised 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. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Bank of America lifted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Scotiabank lifted their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $70.46.

Eversource Energy Stock Performance

Shares of ES opened at $63.97 on Tuesday. The firm’s 50 day moving average is $64.59 and its 200-day moving average is $62.95. The stock has a market capitalization of $23.44 billion, a P/E ratio of -40.75, a P/E/G ratio of 2.54 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. Equities research analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is currently -182.17%.

Eversource Energy Company 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.