Eversource Energy (NYSE:ES) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,573,875 shares of the utilities provider's stock after selling 7,646 shares during the quarter. Deutsche Bank AG owned 0.43% of Eversource Energy worth $97,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Pinney & Scofield Inc. purchased a new position in shares of Eversource Energy during the fourth quarter worth approximately $33,000. Rossby Financial LCC purchased a new position in shares of Eversource Energy in the first quarter worth $34,000. CoreCap Advisors LLC increased its stake in shares of Eversource Energy by 168.7% in 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 during the period. First Financial Corp IN increased its stake in shares of Eversource Energy by 3,529.4% in 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 during the period. Finally, Quarry LP increased its stake in shares of Eversource Energy by 207.4% in the fourth quarter. Quarry LP now owns 833 shares of the utilities provider's stock worth $48,000 after buying an additional 562 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 1.1%

ES traded down $0.75 on Thursday, hitting $65.55. The company had a trading volume of 1,630,171 shares, compared to its average volume of 2,693,236. The stock has a fifty day moving average price of $65.00 and a 200-day moving average price of $62.09. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. The stock has a market capitalization of $24.33 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 2.47 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. Analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Insider Activity at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the transaction, the executive vice president directly owned 10,988 shares in the company, valued at approximately $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research report on Monday, April 28th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Mizuho boosted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Finally, Bank of America boosted their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Three investment 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $65.56.

About Eversource Energy

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.