Glenmede Trust Co. NA lowered its holdings in Eversource Energy (NYSE:ES) by 32.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,780 shares of the utilities provider’s stock after selling 34,155 shares during the period. Glenmede Trust Co. NA’s holdings in Eversource Energy were worth $4,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $268,926,000. Bank of New York Mellon Corp increased its stake in shares of Eversource Energy by 14.0% in the second quarter. Bank of New York Mellon Corp now owns 14,651,624 shares of the utilities provider’s stock valued at $858,731,000 after purchasing an additional 1,803,735 shares during the period. Millennium Management LLC acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $61,134,000. Magellan Asset Management Ltd increased its stake in shares of Eversource Energy by 63.4% in the second quarter. Magellan Asset Management Ltd now owns 2,480,436 shares of the utilities provider’s stock valued at $145,378,000 after purchasing an additional 962,538 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $48,499,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

NYSE ES opened at $60.68 on Wednesday. Eversource Energy has a 12 month low of $52.76 and a 12 month high of $66.15. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 1.07. The company has a market cap of $19.48 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.19 and a beta of 0.24.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. Eversource Energy had a net margin of 12.59% and a return on equity of 9.07%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. sell-side analysts predict that Eversource Energy will post 3.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 21st will be paid a dividend of $0.505 per share. The ex-dividend date is Thursday, September 20th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.33%. Eversource Energy’s dividend payout ratio is presently 64.95%.

Several equities research analysts have commented on ES shares. Morgan Stanley dropped their price target on shares of Eversource Energy from $67.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Wells Fargo & Co raised their price target on shares of Eversource Energy from $67.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Tuesday, July 17th. Bank of America upgraded shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $59.00 price target on the stock in a research note on Friday, August 3rd. Finally, Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, June 28th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Eversource Energy has a consensus rating of “Buy” and an average price target of $63.50.

In other Eversource Energy news, EVP Leon J. Olivier sold 50,000 shares of Eversource Energy stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $62.03, for a total value of $3,101,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.

Eversource Energy Profile

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

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

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