Checchi Capital Advisers LLC grew its position in Eversource Energy (NYSE:ES) by 22.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,346 shares of the utilities provider’s stock after buying an additional 804 shares during the period. Checchi Capital Advisers LLC’s holdings in Eversource Energy were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Eversource Energy by 5.5% in the 1st quarter. BlackRock Inc. now owns 30,425,832 shares of the utilities provider’s stock valued at $2,379,604,000 after buying an additional 1,575,796 shares during the period. State Street Corp increased its stake in shares of Eversource Energy by 5.2% in the 4th quarter. State Street Corp now owns 18,208,105 shares of the utilities provider’s stock valued at $1,548,963,000 after buying an additional 893,951 shares during the period. Magellan Asset Management Ltd increased its stake in shares of Eversource Energy by 57.9% in the 4th quarter. Magellan Asset Management Ltd now owns 16,049,012 shares of the utilities provider’s stock valued at $1,365,289,000 after buying an additional 5,882,982 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Eversource Energy by 91.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,467,337 shares of the utilities provider’s stock valued at $720,317,000 after buying an additional 4,052,069 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Eversource Energy by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 5,372,544 shares of the utilities provider’s stock valued at $456,166,000 after buying an additional 269,719 shares during the period. 82.78% of the stock is owned by institutional investors.

In related news, VP Jay S. Buth sold 1,330 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $86.67, for a total transaction of $115,271.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

A number of brokerages recently commented on ES. KeyCorp lifted their price objective on Eversource Energy from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Wells Fargo & Co lifted their price objective on Eversource Energy from $90.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, May 12th. Barclays decreased their price objective on Eversource Energy from $96.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, March 26th. Finally, Citigroup decreased their price objective on Eversource Energy from $88.00 to $82.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Eversource Energy has a consensus rating of “Hold” and a consensus price target of $88.60.

Shares of Eversource Energy stock opened at $76.39 on Friday. The firm has a market cap of $25.78 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 3.48 and a beta of 0.36. The stock’s 50-day moving average is $82.46 and its 200-day moving average is $85.04. Eversource Energy has a one year low of $60.69 and a one year high of $99.42. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.67.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Eversource Energy had a return on equity of 9.16% and a net margin of 11.02%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. On average, equities analysts expect that Eversource Energy will post 3.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, May 20th will be issued a $0.5675 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.97%. Eversource Energy’s dividend payout ratio (DPR) is 65.80%.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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

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