QS Investors LLC boosted its stake in Eversource Energy (NYSE:ES) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,592 shares of the utilities provider’s stock after purchasing an additional 1,683 shares during the quarter. QS Investors LLC’s holdings in Eversource Energy were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Private Bank & Trust Co. raised its stake in Eversource Energy by 0.3% in the second quarter. Private Bank & Trust Co. now owns 4,167 shares of the utilities provider’s stock valued at $253,000 after purchasing an additional 13 shares in the last quarter. MAI Capital Management raised its stake in Eversource Energy by 0.6% in the second quarter. MAI Capital Management now owns 4,408 shares of the utilities provider’s stock valued at $268,000 after purchasing an additional 25 shares in the last quarter. Buckingham Asset Management LLC raised its stake in Eversource Energy by 0.6% in the second quarter. Buckingham Asset Management LLC now owns 4,047 shares of the utilities provider’s stock valued at $246,000 after purchasing an additional 25 shares in the last quarter. Cleararc Capital Inc. raised its stake in Eversource Energy by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,743 shares of the utilities provider’s stock valued at $455,000 after purchasing an additional 31 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Eversource Energy by 0.6% in the second quarter. Daiwa Securities Group Inc. now owns 8,980 shares of the utilities provider’s stock valued at $545,000 after purchasing an additional 50 shares in the last quarter. 71.87% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages recently weighed in on ES. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Credit Suisse Group raised their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Morgan Stanley raised their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Deutsche Bank AG downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating and lifted their price target for the stock from $61.00 to $61.50 in a research note on Monday, July 31st. Finally, Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $63.19.

Eversource Energy (NYSE:ES) opened at 60.38 on Monday. The stock has a market capitalization of $19.13 billion, a P/E ratio of 19.54 and a beta of 0.29. The firm’s 50 day moving average is $62.13 and its 200 day moving average is $61.07. Eversource Energy has a 1-year low of $50.56 and a 1-year high of $64.19.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities research analysts anticipate that Eversource Energy will post $3.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.90 annualized dividend and a dividend yield of 3.15%. Eversource Energy’s dividend payout ratio (DPR) is 61.49%.

Eversource Energy Company Profile

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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