Knights of Columbus Asset Advisors LLC Purchases 75,157 Shares of Eversource Energy $ES

Knights of Columbus Asset Advisors LLC purchased a new stake in Eversource Energy (NYSE:ES) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 75,157 shares of the utilities provider’s stock, valued at approximately $4,822,000.

A number of other large investors have also recently bought and sold shares of the stock. Man Group plc bought a new position in Eversource Energy during the 2nd quarter valued at about $57,166,000. Integrated Wealth Concepts LLC grew its stake in Eversource Energy by 55.4% during the second quarter. Integrated Wealth Concepts LLC now owns 55,071 shares of the utilities provider’s stock worth $3,980,000 after buying an additional 19,628 shares during the last quarter. West Family Investments Inc. acquired a new stake in shares of Eversource Energy during the second quarter worth approximately $702,000. Signal Advisors Wealth LLC acquired a new stake in shares of Eversource Energy during the third quarter worth approximately $1,219,000. Finally, Quantitative Investment Management LLC bought a new position in shares of Eversource Energy in the second quarter valued at approximately $1,116,000. 79.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Barclays began coverage on Eversource Energy in a research note on Friday, November 6th. They issued an “equal weight” rating and a $76.00 target price for the company. Mizuho lifted their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings cut Eversource Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, HSBC began coverage on shares of Eversource Energy in a research report on Thursday, October 22nd. They set a “hold” rating and a $70.00 price target on the stock. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.17.

Eversource Energy Trading Up 0.1%

ES stock opened at $69.53 on Wednesday. The company has a market cap of $26.19 billion, a P/E ratio of 18.35, a PEG ratio of 3.02 and a beta of 0.66. Eversource Energy has a twelve month low of $62.72 and a twelve month high of $76.57. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.58. The business has a fifty day moving average of $67.31 and a 200-day moving average of $70.01.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, November 4th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Eversource Energy had a return on equity of 10.67% and a net margin of 10.38%. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 earnings per share. As a group, equities research analysts expect that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, September 21st. Eversource Energy’s dividend payout ratio is currently 83.11%.

Eversource Energy Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to customers in New England. Its businesses include electric transmission and distribution, natural gas distribution, and related energy services. The company serves customers in Connecticut, Massachusetts, and New Hampshire through local utility subsidiaries. Its operations include maintaining and upgrading the networks used to deliver energy to homes and businesses. Eversource traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015 after combining with NSTAR.