Duff & Phelps Investment Management Co. lowered its position in Eversource Energy (NYSE:ES) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,719,400 shares of the utilities provider’s stock after selling 80,600 shares during the quarter. Eversource Energy comprises about 1.5% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 14th largest position. Duff & Phelps Investment Management Co. owned 0.54% of Eversource Energy worth $103,921,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Eversource Energy by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock worth $2,006,787,000 after acquiring an additional 781,327 shares in the last quarter. BlackRock Inc. lifted its position in shares of Eversource Energy by 1.6% during the second quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock valued at $1,478,596,000 after buying an additional 374,229 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Eversource Energy by 7.5% during the second quarter. Legal & General Group Plc now owns 2,657,288 shares of the utilities provider’s stock valued at $161,331,000 after buying an additional 186,030 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Eversource Energy by 72.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock valued at $154,515,000 after purchasing an additional 1,072,700 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Eversource Energy by 382.4% in the 2nd quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock valued at $141,257,000 after purchasing an additional 1,844,447 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Morgan Stanley raised their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Deutsche Bank AG lowered shares of Eversource Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from $61.00 to $61.50 in a research report on Monday, July 31st. Bank of America Corporation began coverage on shares of Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price target for the company. Finally, Janney Montgomery Scott set a $71.00 price objective on shares of Eversource Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Eversource Energy has a consensus rating of “Hold” and an average price target of $64.06.
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Eversource Energy (NYSE:ES) opened at $64.07 on Friday. The firm has a market capitalization of $20,496.17, a PE ratio of 21.00, a price-to-earnings-growth ratio of 3.46 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. Eversource Energy has a 52-week low of $50.56 and a 52-week high of $65.01.
Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. equities research analysts anticipate that Eversource Energy will post 3.15 earnings per share for the current year.
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.
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