New York State Common Retirement Fund lifted its holdings in Eversource Energy (NYSE:ES) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 969,600 shares of the utilities provider’s stock after purchasing an additional 19,099 shares during the period. New York State Common Retirement Fund owned about 0.31% of Eversource Energy worth $58,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Eversource Energy by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 32,273,965 shares of the utilities provider’s stock worth $1,897,064,000 after purchasing an additional 1,078,978 shares during the period. BlackRock Inc. lifted its position in shares of Eversource Energy by 1.6% in the 2nd quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock worth $1,478,596,000 after purchasing an additional 374,229 shares during the period. Wellington Management Group LLP lifted its position in shares of 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 worth $755,462,000 after purchasing an additional 464,555 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 worth $187,038,000 after purchasing an additional 285,575 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of 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 worth $161,331,000 after purchasing an additional 186,030 shares during the period. 71.88% of the stock is owned by hedge funds and other institutional investors.

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Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Monday, September 18th. Eversource Energy’s dividend payout ratio (DPR) is currently 61.49%.

Several equities research analysts have recently weighed in on ES shares. Credit Suisse Group reaffirmed a “hold” rating and issued a $59.00 price target on shares of Eversource Energy in a research report 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 report on Monday, July 31st. Zacks Investment Research raised 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 report on Tuesday, June 13th. Morgan Stanley upped 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 report on Tuesday, June 6th. 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 report on Thursday, June 1st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $63.50.

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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