Northern Trust Corp reduced its position in shares of Eversource Energy (NYSE:ES) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,542,731 shares of the utilities provider’s stock after selling 151,483 shares during the period. Northern Trust Corp owned 1.12% of Eversource Energy worth $215,078,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ES. BlackRock Inc. boosted its holdings in shares of Eversource Energy by 2,396.3% during the first quarter. BlackRock Inc. now owns 23,980,820 shares of the utilities provider’s stock worth $1,409,592,000 after purchasing an additional 23,020,171 shares during the period. Principal Financial Group Inc. raised its stake in Eversource Energy by 382.4% in the second quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock worth $141,257,000 after buying an additional 1,844,447 shares in the last quarter. Magellan Asset Management Ltd bought a new position in Eversource Energy in the first quarter worth about $82,000,000. Vanguard Group Inc. raised its stake in Eversource Energy by 3.5% in the first quarter. Vanguard Group Inc. now owns 32,273,965 shares of the utilities provider’s stock worth $1,897,064,000 after buying an additional 1,078,978 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Eversource Energy by 52.3% in the first quarter. Renaissance Technologies LLC now owns 1,626,800 shares of the utilities provider’s stock worth $95,623,000 after buying an additional 558,400 shares in the last quarter. Institutional investors own 71.88% of the company’s stock.

A number of equities analysts recently issued reports on the stock. 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 note on Wednesday, June 21st. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Barclays PLC reissued an “equal weight” rating and issued a $66.00 price target (up from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Morgan Stanley increased 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, Credit Suisse Group reissued a “hold” rating and issued a $59.00 price target on shares of Eversource Energy in a research note on Tuesday, June 6th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.50.

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Eversource Energy (NYSE ES) opened at 60.71 on Friday. The firm’s 50 day moving average is $62.57 and its 200-day moving average is $60.87. Eversource Energy has a 52 week low of $50.56 and a 52 week high of $64.19. The company has a market cap of $19.24 billion, a P/E ratio of 19.65 and a beta of 0.29.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts predict that Eversource Energy will post $3.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.90 annualized dividend and a dividend yield of 3.13%. Eversource Energy’s dividend payout ratio is currently 61.49%.

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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