Banque Cantonale Vaudoise acquired a new stake in Eversource Energy (NYSE:ES - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 38,502 shares of the utilities provider's stock, valued at approximately $2,391,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Bank Ltd. acquired a new position in Eversource Energy in the fourth quarter valued at $26,000. Pinney & Scofield Inc. acquired a new position in shares of Eversource Energy during the fourth quarter worth about $33,000. Rossby Financial LCC acquired a new position in shares of Eversource Energy during the first quarter worth about $34,000. CoreCap Advisors LLC boosted its holdings in Eversource Energy by 168.7% during the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock worth $35,000 after buying an additional 383 shares in the last quarter. Finally, First Financial Corp IN boosted its holdings in Eversource Energy by 3,529.4% during the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock worth $38,000 after buying an additional 600 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently commented on ES shares. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Bank of America boosted their price objective on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. BMO Capital Markets upped their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Finally, Mizuho upped their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $65.56.
Check Out Our Latest Analysis on Eversource Energy
Eversource Energy Price Performance
Eversource Energy stock traded down $0.60 during trading hours on Friday, hitting $65.50. 2,841,173 shares of the company traded hands, compared to its average volume of 1,925,586. The firm has a market cap of $24.06 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.47 and a beta of 0.61. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.71. The firm's 50-day simple moving average is $64.78 and its two-hundred day simple moving average is $61.61. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01.
Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.95 by $0.01. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.10%. Eversource Energy's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. As a group, analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the transaction, the executive vice president owned 10,988 shares of the company's stock, valued at $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.
Eversource Energy Profile
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Free Report)
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.
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