Eversource Energy (NYSE:ES) Holdings Trimmed by Edgestream Partners L.P.

Edgestream Partners L.P. cut its stake in shares of Eversource Energy (NYSE:ES) by 28.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,533 shares of the utilities provider’s stock after selling 3,775 shares during the period. Edgestream Partners L.P.’s holdings in Eversource Energy were worth $579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eaton Vance Management lifted its position in Eversource Energy by 46.8% during the second quarter. Eaton Vance Management now owns 106,235 shares of the utilities provider’s stock valued at $6,450,000 after purchasing an additional 33,845 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Eversource Energy by 6.3% in the second quarter. Schroder Investment Management Group now owns 9,155 shares of the utilities provider’s stock valued at $556,000 after acquiring an additional 542 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in shares of Eversource Energy by 48.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 394,583 shares of the utilities provider’s stock valued at $23,955,000 after acquiring an additional 127,973 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of Eversource Energy by 1.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 19,293 shares of the utilities provider’s stock valued at $1,171,000 after acquiring an additional 197 shares in the last quarter. Finally, Ffcm LLC lifted its position in shares of Eversource Energy by 6.4% in the second quarter. Ffcm LLC now owns 11,886 shares of the utilities provider’s stock valued at $722,000 after acquiring an additional 714 shares in the last quarter. Institutional investors own 72.49% of the company’s stock.

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Eversource Energy (ES) traded down 0.48% during mid-day trading on Friday, reaching $62.75. The company’s stock had a trading volume of 897,539 shares. The company’s 50-day moving average price is $62.44 and its 200 day moving average price is $60.76. Eversource Energy has a 52 week low of $50.56 and a 52 week high of $64.19. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 20.31 and a beta of 0.29.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.91 billion. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, equities analysts forecast that Eversource Energy will post $3.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Monday, September 18th. Eversource Energy’s payout ratio is 61.49%.

Several brokerages have recently commented on ES. Morgan Stanley boosted their price objective on Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. BidaskClub downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Deutsche Bank AG cut Eversource Energy from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $61.00 to $61.50 in a research note on Monday, July 31st. Finally, Barclays PLC reissued an “equal weight” rating and set a $66.00 price objective (up from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $62.95.

Eversource Energy Company 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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