Edmond DE Rothschild Holding S.A. boosted its stake in Eversource Energy (NYSE:ES) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,000 shares of the utilities provider’s stock after buying an additional 4,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Eversource Energy were worth $1,457,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Eversource Energy by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 32,273,965 shares of the utilities provider’s stock valued at $1,897,064,000 after buying an additional 1,078,978 shares in the last quarter. BlackRock Inc. boosted its stake in Eversource Energy by 1.6% in the 2nd quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock valued at $1,478,596,000 after buying an additional 374,229 shares in the last quarter. Wellington Management Group LLP boosted its stake in Eversource Energy by 3.8% in the 1st quarter. Wellington Management Group LLP now owns 12,852,374 shares of the utilities provider’s stock valued at $755,462,000 after buying an additional 464,555 shares in the last quarter. Geode Capital Management LLC boosted its stake in Eversource Energy by 9.8% in the 1st quarter. Geode Capital Management LLC now owns 3,186,475 shares of the utilities provider’s stock valued at $187,038,000 after buying an additional 285,575 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Eversource Energy by 7.5% in the 2nd quarter. Legal & General Group Plc now owns 2,657,288 shares of the utilities provider’s stock valued at $161,331,000 after buying an additional 186,030 shares in the last quarter. 72.49% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy (NYSE:ES) opened at 62.86 on Friday. The firm has a market cap of $19.92 billion, a price-to-earnings ratio of 20.34 and a beta of 0.29. Eversource Energy has a 1-year low of $50.56 and a 1-year high of $64.19. The firm has a 50-day moving average price of $62.51 and a 200-day moving average price of $60.79.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.475 per share. The ex-dividend date is Monday, September 18th. This represents a $1.90 dividend on an annualized basis and a yield of 3.02%. Eversource Energy’s dividend payout ratio (DPR) is presently 61.49%.

Several analysts recently commented on ES shares. Zacks Investment Research raised Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Wednesday, June 21st. Morgan Stanley reaffirmed an “equal weight” rating on shares of Eversource Energy in a research note on Tuesday, July 11th. Credit Suisse Group reaffirmed a “hold” rating and issued a $59.00 price target on shares of Eversource Energy in a research note on Tuesday, June 6th. BidaskClub lowered Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $66.00 price target (up previously from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.95.

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About Eversource Energy

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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