Eversource Energy (NYSE:ES) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lessened its holdings in Eversource Energy (NYSE:ES) by 8.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,674,700 shares of the utilities provider’s stock after selling 149,900 shares during the quarter. Eversource Energy comprises approximately 1.8% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 8th largest holding. Duff & Phelps Investment Management Co.’s holdings in Eversource Energy were worth $126,875,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Bremer Bank National Association acquired a new stake in shares of Eversource Energy during the first quarter worth approximately $28,000. Centersquare Investment Management LLC increased its holdings in shares of Eversource Energy by 368,643.4% during the first quarter. Centersquare Investment Management LLC now owns 3,576,811 shares of the utilities provider’s stock worth $28,000 after buying an additional 3,575,841 shares in the last quarter. Kavar Capital Partners LLC acquired a new stake in shares of Eversource Energy during the second quarter worth approximately $30,000. Next Capital Management LLC acquired a new stake in shares of Eversource Energy during the first quarter worth approximately $40,000. Finally, Hexavest Inc. acquired a new stake in shares of Eversource Energy during the second quarter worth approximately $42,000. 74.17% of the stock is owned by hedge funds and other institutional investors.

In other Eversource Energy news, VP Gregory B. Butler sold 8,298 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $77.30, for a total value of $641,435.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by company insiders.



Several research firms have recently commented on ES. Morgan Stanley decreased their price target on shares of Eversource Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday. Wells Fargo & Co increased their price target on shares of Eversource Energy from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. UBS Group increased their price target on shares of Eversource Energy from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating and set a $82.00 price target on the stock in a research note on Monday, June 17th. Finally, Barclays increased their price target on shares of Eversource Energy from $71.00 to $79.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $76.33.

Shares of ES traded down $0.19 during mid-day trading on Friday, hitting $78.62. 370,961 shares of the company traded hands, compared to its average volume of 1,645,724. Eversource Energy has a one year low of $60.15 and a one year high of $79.11. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average of $77.01 and a 200 day moving average of $73.24. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 4.03 and a beta of 0.23.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Eversource Energy had a net margin of 10.00% and a return on equity of 9.24%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Eversource Energy’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts anticipate that Eversource Energy will post 3.43 earnings per share for the current year.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water 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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