Natixis Advisors LLC Buys 5,553 Shares of Eversource Energy (NYSE:ES)

Natixis Advisors LLC grew its position in Eversource Energy (NYSE:ES) by 4.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 133,174 shares of the utilities provider’s stock after purchasing an additional 5,553 shares during the quarter. Natixis Advisors LLC’s holdings in Eversource Energy were worth $9,062,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Lynx Investment Advisory bought a new position in Eversource Energy in the second quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in Eversource Energy in the 3rd quarter valued at approximately $32,000. UMB Bank n.a. raised its stake in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 198 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Eversource Energy during the first quarter worth $43,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Eversource Energy in the third quarter worth $48,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company lifted their target price on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays increased their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. BMO Capital Markets lowered their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America boosted their price objective on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.46.

Eversource Energy Price Performance

Shares of NYSE ES opened at $62.69 on Friday. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of -39.93, a PEG ratio of 2.47 and a beta of 0.61. The firm’s 50-day simple moving average is $64.77 and its 200 day simple moving average is $62.88. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. 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 issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping 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 in the previous year, the firm earned $0.97 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

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.