Epoch Investment Partners Inc. lessened its holdings in shares of Eversource Energy (NYSE:ES) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 402,629 shares of the utilities provider’s stock after selling 18,119 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.13% of Eversource Energy worth $24,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd lifted its stake in shares of Eversource Energy by 46.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock valued at $149,000 after buying an additional 808 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Eversource Energy by 5.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 15,391 shares of the utilities provider’s stock valued at $946,000 after acquiring an additional 830 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Eversource Energy by 1.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,607 shares of the utilities provider’s stock valued at $2,741,000 after acquiring an additional 851 shares during the last quarter. Girard Partners LTD. increased its holdings in Eversource Energy by 21.4% in the 2nd quarter. Girard Partners LTD. now owns 5,017 shares of the utilities provider’s stock valued at $294,000 after acquiring an additional 884 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Eversource Energy by 18.6% in the 3rd quarter. Huntington National Bank now owns 5,742 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 899 shares during the last quarter. Institutional investors own 73.59% of the company’s stock.
A number of analysts have issued reports on the stock. ValuEngine upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Morgan Stanley set a $66.00 price target on shares of Eversource Energy and gave the company a “hold” rating in a report on Thursday, October 11th. Citigroup lifted their price target on shares of Eversource Energy from $59.00 to $63.00 and gave the company a “hold” rating in a report on Tuesday, September 25th. Credit Suisse Group upgraded shares of Eversource Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $62.00 to $73.00 in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, November 28th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Eversource Energy has an average rating of “Buy” and a consensus target price of $65.73.
Eversource Energy stock opened at $69.46 on Friday. Eversource Energy has a twelve month low of $52.76 and a twelve month high of $69.82. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 0.59. The stock has a market capitalization of $21.91 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.20.
Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, November 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. Eversource Energy had a net margin of 12.51% and a return on equity of 9.32%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities analysts forecast that Eversource Energy will post 3.27 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Tuesday, December 18th will be issued a $0.505 dividend. The ex-dividend date of this dividend is Monday, December 17th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.91%. Eversource Energy’s dividend payout ratio (DPR) is presently 64.95%.
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About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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