Eaton Vance Management reduced its stake in Eversource Energy (NYSE:ES) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,759 shares of the utilities provider’s stock after selling 1,299 shares during the period. Eaton Vance Management’s holdings in Eversource Energy were worth $6,375,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new stake in Eversource Energy during the 2nd quarter worth about $218,000. Comerica Bank boosted its position in Eversource Energy by 2.1% during the 2nd quarter. Comerica Bank now owns 105,442 shares of the utilities provider’s stock worth $6,207,000 after acquiring an additional 2,175 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Eversource Energy during the 2nd quarter worth about $2,554,000. Victory Capital Management Inc. boosted its position in Eversource Energy by 0.3% during the 2nd quarter. Victory Capital Management Inc. now owns 276,170 shares of the utilities provider’s stock worth $16,186,000 after acquiring an additional 912 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in Eversource Energy by 3.8% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 24,914 shares of the utilities provider’s stock worth $1,460,000 after acquiring an additional 901 shares during the period. 73.59% of the stock is owned by institutional investors.

ES opened at $69.14 on Friday. 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 has a fifty-two week low of $52.76 and a fifty-two week high of $69.82. The stock has a market cap of $21.85 billion, a PE ratio of 22.23, a PEG ratio of 3.57 and a beta of 0.20.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. Eversource Energy had a return on equity of 9.32% and a net margin of 12.51%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business earned $0.82 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, research analysts forecast that Eversource Energy will post 3.27 EPS for the current fiscal year.

A number of brokerages have commented on ES. ValuEngine upgraded Eversource Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Morgan Stanley set a $66.00 price target on Eversource Energy and gave the stock a “hold” rating in a research note on Thursday, October 11th. Citigroup raised their price target on Eversource Energy from $59.00 to $63.00 and gave the stock a “hold” rating in a research note on Tuesday, September 25th. Credit Suisse Group raised Eversource Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $62.00 to $73.00 in a research note on Tuesday. Finally, Zacks Investment Research raised Eversource Energy from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Wednesday, November 28th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $65.73.

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Eversource Energy 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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