Chevy Chase Trust Holdings Inc. Has $16.70 Million Stake in Eversource Energy (ES)

Chevy Chase Trust Holdings Inc. lifted its position in Eversource Energy (NYSE:ES) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 276,378 shares of the utilities provider’s stock after buying an additional 3,382 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Eversource Energy worth $16,704,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in Eversource Energy by 125.3% in the 2nd quarter. Bessemer Group Inc. now owns 3,596 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 2,000 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Eversource Energy by 0.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,980 shares of the utilities provider’s stock worth $545,000 after purchasing an additional 50 shares in the last quarter. Korea Investment CORP boosted its stake in Eversource Energy by 122.8% in the 2nd quarter. Korea Investment CORP now owns 38,144 shares of the utilities provider’s stock worth $2,316,000 after purchasing an additional 21,027 shares in the last quarter. HL Financial Services LLC boosted its stake in Eversource Energy by 12.4% in the 2nd quarter. HL Financial Services LLC now owns 7,600 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 836 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in Eversource Energy by 1.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 7,619 shares of the utilities provider’s stock worth $463,000 after purchasing an additional 110 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Eversource Energy (NYSE ES) traded up $0.48 during midday trading on Tuesday, reaching $65.70. 1,545,000 shares of the company’s stock traded hands, compared to its average volume of 1,439,049. 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 has a twelve month low of $52.59 and a twelve month high of $66.15. The firm has a market cap of $20,667.29, a PE ratio of 21.17, a price-to-earnings-growth ratio of 3.49 and a beta of 0.31.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, December 15th. Eversource Energy’s payout ratio is 61.69%.

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

A number of analysts recently commented on ES shares. Williams Capital lifted their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Morgan Stanley lifted their target price on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Credit Suisse Group lifted their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $64.06.

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Eversource Energy Company Profile

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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