Tiedemann Wealth Management LLC lifted its stake in Eversource Energy (NYSE:ES) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,266 shares of the utilities provider’s stock after purchasing an additional 2,101 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in Eversource Energy were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Eversource Energy by 2.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,076,577 shares of the utilities provider’s stock worth $65,069,000 after purchasing an additional 26,863 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Eversource Energy by 85.3% in the third quarter. WINTON GROUP Ltd now owns 22,068 shares of the utilities provider’s stock worth $1,334,000 after purchasing an additional 10,156 shares in the last quarter. Cadence Capital Management LLC lifted its position in shares of Eversource Energy by 35.1% in the third quarter. Cadence Capital Management LLC now owns 20,596 shares of the utilities provider’s stock worth $1,245,000 after purchasing an additional 5,348 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Eversource Energy by 9.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,771 shares of the utilities provider’s stock worth $1,558,000 after purchasing an additional 2,228 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Eversource Energy by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 1,991,027 shares of the utilities provider’s stock valued at $120,595,000 after acquiring an additional 13,402 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

In other Eversource Energy news, COO Werner J. Schweiger sold 10,098 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total transaction of $653,138.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

Eversource Energy (NYSE ES) opened at $64.56 on Wednesday. The firm has a market cap of $20,460.00, a P/E ratio of 20.89, a P/E/G ratio of 3.45 and a beta of 0.31. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. Eversource Energy has a 52-week low of $50.56 and a 52-week high of $66.15.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business earned $0.83 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. equities analysts expect that Eversource Energy will post 3.15 EPS for the current year.

Several equities analysts recently weighed in on ES shares. Williams Capital raised their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Morgan Stanley raised their price objective on shares of Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Credit Suisse Group raised their price objective on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $64.06.

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Eversource Energy 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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