Epoch Investment Partners Inc. trimmed its stake in Eversource Energy (NYSE:ES) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 402,629 shares of the utilities provider’s stock after selling 18,119 shares during the period. Epoch Investment Partners Inc.’s holdings in Eversource Energy were worth $24,737,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ES. Comerica Bank boosted its position in Eversource Energy by 2.1% in the 2nd quarter. Comerica Bank now owns 105,442 shares of the utilities provider’s stock valued at $6,207,000 after buying an additional 2,175 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Eversource Energy in the 2nd quarter worth approximately $2,554,000. Victory Capital Management Inc. lifted its position in shares of Eversource Energy by 0.3% in the 2nd quarter. Victory Capital Management Inc. now owns 276,170 shares of the utilities provider’s stock worth $16,186,000 after purchasing an additional 912 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Eversource Energy by 3.8% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 24,914 shares of the utilities provider’s stock worth $1,460,000 after purchasing an additional 901 shares during the period. Finally, Barings LLC purchased a new stake in shares of Eversource Energy in the 2nd quarter worth approximately $370,000. 73.59% of the stock is owned by institutional investors.

Shares of ES opened at $69.46 on Friday. Eversource Energy has a fifty-two week low of $52.76 and a fifty-two week high of $69.82. The company has a market capitalization of $21.91 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.20. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.54.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.03. Eversource Energy had a net margin of 12.51% and a return on equity of 9.32%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts expect that Eversource Energy will post 3.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Tuesday, December 18th will be given a dividend of $0.505 per share. The ex-dividend date is Monday, December 17th. This represents a $2.02 dividend on an annualized basis and a yield of 2.91%. Eversource Energy’s payout ratio is 64.95%.

Several equities research analysts have recently weighed in on ES shares. Wells Fargo & Co upped their price target on shares of Eversource Energy from $67.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. Morgan Stanley upped their price target on shares of Eversource Energy from $63.00 to $67.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Barclays set a $66.00 price target on shares of Eversource Energy and gave the stock a “hold” rating in a research report on Saturday, November 17th. Zacks Investment Research cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Finally, Scotiabank started coverage on shares of Eversource Energy in a research report on Tuesday, September 4th. They issued a “sector perform” rating for the company. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $65.73.

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Eversource Energy Company 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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