Eversource Energy (NYSE:ES) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Eversource Energy (NYSE:ES - Free Report) by 0.3% during 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 9,706,866 shares of the utilities provider's stock after selling 25,270 shares during the period. Charles Schwab Investment Management Inc. owned about 2.65% of Eversource Energy worth $660,408,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Eversource Energy by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider's stock valued at $90,000 after buying an additional 169 shares in the last quarter. Addison Advisors LLC boosted its stake in Eversource Energy by 27.4% in the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider's stock valued at $49,000 after acquiring an additional 185 shares in the last quarter. Bar Harbor Wealth Management grew its holdings in shares of Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider's stock worth $271,000 after purchasing an additional 190 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after purchasing an additional 198 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Eversource Energy by 1.0% during the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider's stock worth $1,368,000 after purchasing an additional 200 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Performance

Shares of NYSE:ES traded up $0.88 during midday trading on Friday, hitting $63.63. The stock had a trading volume of 633,015 shares, compared to its average volume of 2,384,485. The company has a market capitalization of $23.31 billion, a PE ratio of -39.93, a P/E/G ratio of 2.47 and a beta of 0.61. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The stock has a 50 day moving average price of $64.77 and a two-hundred day moving average price of $62.88. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. As a group, equities analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy's payout ratio is -182.17%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ES shares. Barclays raised their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Scotiabank lifted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. BMO Capital Markets decreased their price target on shares of Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research note on Tuesday, October 15th. Finally, Mizuho lifted their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Eversource Energy has a consensus rating of "Hold" and an average target price of $70.46.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.