Duff & Phelps Investment Management Co. Has $109.28 Million Position in Eversource Energy (NYSE:ES)

Duff & Phelps Investment Management Co. reduced its position in shares of Eversource Energy (NYSE:ES) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 1,800,000 shares of the utilities provider’s stock after selling 55,865 shares during the period. Eversource Energy accounts for approximately 1.6% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 11th largest position. Duff & Phelps Investment Management Co.’s holdings in Eversource Energy were worth $109,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Eversource Energy by 3.5% in the first quarter. Vanguard Group Inc. now owns 32,273,965 shares of the utilities provider’s stock valued at $1,897,064,000 after buying an additional 1,078,978 shares during the last quarter. BlackRock Inc. increased its stake in shares of Eversource Energy by 2,396.3% in the first quarter. BlackRock Inc. now owns 23,980,820 shares of the utilities provider’s stock valued at $1,409,592,000 after buying an additional 23,020,171 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Eversource Energy by 3.8% in the first quarter. Wellington Management Group LLP now owns 12,852,374 shares of the utilities provider’s stock valued at $755,462,000 after buying an additional 464,555 shares during the last quarter. Thomaspartners Inc. increased its stake in shares of Eversource Energy by 9.4% in the first quarter. Thomaspartners Inc. now owns 3,947,433 shares of the utilities provider’s stock valued at $232,030,000 after buying an additional 339,289 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Eversource Energy by 9.8% in the first quarter. Geode Capital Management LLC now owns 3,186,475 shares of the utilities provider’s stock valued at $187,038,000 after buying an additional 285,575 shares during the last quarter. 71.03% of the stock is currently owned by institutional investors.

Eversource Energy (NYSE ES) opened at 62.22 on Friday. The firm’s 50-day moving average price is $60.98 and its 200-day moving average price is $59.55. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $63.34. The company has a market cap of $19.72 billion, a PE ratio of 20.14 and a beta of 0.28.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that Eversource Energy will post $3.15 earnings per share for the current fiscal year.

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Several brokerages recently commented on ES. Morgan Stanley raised their price objective on Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday. Janney Montgomery Scott set a $71.00 price objective on Eversource Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Deutsche Bank AG downgraded Eversource Energy from a “buy” rating to a “hold” rating and raised their price objective for the stock from $61.00 to $61.50 in a research note on Monday, July 31st. BidaskClub downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $62.95.

In related news, VP Werner J. Schweiger sold 36,736 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $62.00, for a total value of $2,277,632.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

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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