Eversource Energy (ES) Shares Bought by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lifted its position in Eversource Energy (NYSE:ES) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,039 shares of the utilities provider’s stock after purchasing an additional 29,326 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.07% of Eversource Energy worth $13,661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in Eversource Energy by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 32 shares during the period. Risk Paradigm Group LLC lifted its position in Eversource Energy by 111.7% during the 3rd quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 1,117 shares during the period. Sun Life Financial INC lifted its position in Eversource Energy by 23,040.0% during the 2nd quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 2,304 shares during the period. WFG Advisors LP lifted its position in Eversource Energy by 127.8% during the 2nd quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 1,380 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Eversource Energy by 63.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 1,265 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

In related news, COO Werner J. Schweiger sold 10,098 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total value of $653,138.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

A number of research firms have weighed in on ES. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Morgan Stanley increased their target price on Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Bank of America started coverage on Eversource Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $62.00 target price for the company. Williams Capital increased their target price on Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group increased their target price on Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $64.06.

Eversource Energy (ES) opened at $65.22 on Monday. The stock has a market capitalization of $20,667.29, a P/E ratio of 21.17, a PEG ratio of 3.49 and a beta of 0.31. Eversource Energy has a one year low of $52.59 and a one year high of $66.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share. research analysts anticipate that Eversource Energy will post 3.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, December 15th. Eversource Energy’s dividend payout ratio (DPR) is 61.69%.

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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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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