Eversource Energy (ES) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its stake in Eversource Energy (NYSE:ES) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,562,549 shares of the utilities provider’s stock after selling 29,696 shares during the period. Epoch Investment Partners Inc. owned approximately 0.49% of Eversource Energy worth $94,440,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ES. Advisory Services Network LLC increased its stake in Eversource Energy by 1.7% during the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 32 shares during the period. Risk Paradigm Group LLC increased its stake in Eversource Energy by 111.7% during the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 1,117 shares during the period. Sun Life Financial INC increased its stake in Eversource Energy by 23,040.0% during the second quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 2,304 shares during the period. WFG Advisors LP increased its stake in Eversource Energy by 127.8% during the second quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 1,380 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Eversource Energy by 63.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 1,265 shares during the period. Institutional investors own 72.21% of the company’s stock.

Shares of Eversource Energy (NYSE:ES) opened at $65.48 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Eversource Energy has a one year low of $51.04 and a one year high of $66.15. The firm has a market cap of $20,733.84, a P/E ratio of 21.24, a P/E/G ratio of 3.51 and a beta of 0.31.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business 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 for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. analysts predict that Eversource Energy will post 3.15 EPS for the current fiscal year.

ES has been the topic of a number of recent research reports. Morgan Stanley boosted 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 note on Thursday, August 10th. BidaskClub upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Credit Suisse Group upped their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Williams Capital upped their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Bank of America initiated coverage on shares of Eversource Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $62.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Eversource Energy presently has a consensus rating of “Hold” and an average target price of $64.06.

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

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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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