California State Teachers Retirement System lowered its holdings in shares of Eversource Energy (NYSE:ES) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 612,620 shares of the utilities provider’s stock after selling 46,194 shares during the period. California State Teachers Retirement System owned about 0.19% of Eversource Energy worth $37,027,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its position in Eversource Energy by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after buying an additional 32 shares during the period. Risk Paradigm Group LLC boosted its position in Eversource Energy by 111.7% during the 3rd quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock valued at $128,000 after buying an additional 1,117 shares during the period. Sun Life Financial INC boosted its position in Eversource Energy by 23,040.0% during the 2nd quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock valued at $140,000 after buying an additional 2,304 shares during the period. WFG Advisors LP boosted its position in Eversource Energy by 127.8% during the 2nd quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock valued at $149,000 after buying an additional 1,380 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Eversource Energy by 63.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock valued at $199,000 after buying an additional 1,265 shares during the period. 72.21% of the stock is currently owned by institutional investors.

In other news, COO Werner J. Schweiger sold 10,098 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $64.68, for a total value of $653,138.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

ES has been the subject of several analyst reports. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Credit Suisse Group increased their price target on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Williams Capital increased their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Bank of America started coverage on shares of Eversource Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $62.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.50.

Shares of Eversource Energy (NYSE:ES) opened at $64.62 on Friday. Eversource Energy has a 12-month low of $53.72 and a 12-month high of $66.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market cap of $20,527.86, a PE ratio of 21.03, a PEG ratio of 3.50 and a beta of 0.31.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. research analysts predict that Eversource Energy will post 3.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be given a $0.475 dividend. The ex-dividend date is Friday, December 15th. This represents a $1.90 annualized dividend and a dividend yield of 2.94%. Eversource Energy’s dividend payout ratio is 61.69%.

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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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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