Bahl & Gaynor Inc. continued to hold its position in shares of Eversource Energy (NYSE:ES) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,988 shares of the utilities provider’s stock at the end of the second quarter. Bahl & Gaynor Inc.’s holdings in Eversource Energy were worth $2,540,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ES. Private Bank & Trust Co. increased its stake in shares of Eversource Energy by 0.3% during the 2nd quarter. Private Bank & Trust Co. now owns 4,167 shares of the utilities provider’s stock worth $253,000 after purchasing an additional 13 shares during the last quarter. MAI Capital Management increased its stake in shares of Eversource Energy by 0.6% during the 2nd quarter. MAI Capital Management now owns 4,408 shares of the utilities provider’s stock worth $268,000 after purchasing an additional 25 shares during the last quarter. Buckingham Asset Management LLC increased its stake in shares of Eversource Energy by 0.6% during the 2nd quarter. Buckingham Asset Management LLC now owns 4,047 shares of the utilities provider’s stock worth $246,000 after purchasing an additional 25 shares during the last quarter. Cleararc Capital Inc. increased its stake in shares of Eversource Energy by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 7,743 shares of the utilities provider’s stock worth $455,000 after purchasing an additional 31 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Eversource Energy by 0.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,980 shares of the utilities provider’s stock worth $545,000 after purchasing an additional 50 shares during the last quarter. 72.49% of the stock is currently owned by hedge funds and other institutional investors.

ES has been the subject of several research analyst reports. Credit Suisse Group restated a “hold” rating and set a $59.00 price target on shares of Eversource Energy in a research note on Tuesday, June 6th. Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Tuesday, June 13th. Morgan Stanley raised their price target on shares of Eversource Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. Finally, Barclays PLC restated an “equal weight” rating and set a $66.00 price target (up previously from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $62.95.

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Eversource Energy (ES) traded down 0.81% on Friday, reaching $62.54. 714,372 shares of the company were exchanged. The firm has a market capitalization of $19.82 billion, a P/E ratio of 20.24 and a beta of 0.29. The firm has a 50-day moving average of $62.44 and a 200 day moving average of $60.76. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $64.19.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts predict that Eversource Energy will post $3.15 earnings per share for the current year.

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

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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