Charles Schwab Investment Management Inc. Has $660.41 Million Stock Position in Eversource Energy (NYSE:ES)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Eversource Energy (NYSE:ES) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,706,866 shares of the utilities provider’s stock after selling 25,270 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Eversource Energy were worth $660,408,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its holdings in Eversource Energy by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 169 shares in the last quarter. Addison Advisors LLC raised its holdings in Eversource Energy by 27.4% in the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock valued at $49,000 after buying an additional 185 shares during the last quarter. Bar Harbor Wealth Management boosted its position in Eversource Energy by 4.1% during the 2nd quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock worth $271,000 after buying an additional 190 shares during the period. UMB Bank n.a. boosted its position in Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Eversource Energy by 1.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after acquiring an additional 200 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Up 1.8 %

NYSE:ES opened at $62.69 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The company has a market cap of $22.97 billion, a PE ratio of -39.93, a PEG ratio of 2.47 and a beta of 0.61. The firm has a 50-day moving average of $64.77 and a 200-day moving average of $62.88.

Eversource Energy (NYSE:ES) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. As a group, equities research analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

Analysts Set New Price Targets

Several research analysts have commented on ES shares. BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley increased their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Mizuho lifted their price objective on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus price target of $70.46.

About Eversource Energy

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