Entropy Technologies LP lifted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 107.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,712 shares of the utilities provider's stock after acquiring an additional 11,766 shares during the quarter. Entropy Technologies LP's holdings in Eversource Energy were worth $1,411,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also modified their holdings of ES. Envestnet Asset Management Inc. increased its holdings in shares of Eversource Energy by 52.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 377,186 shares of the utilities provider's stock valued at $21,662,000 after purchasing an additional 129,553 shares in the last quarter. Advisory Services Network LLC acquired a new position in Eversource Energy in the 4th quarter worth $616,000. Raymond James Financial Inc. bought a new position in Eversource Energy during the 4th quarter worth about $19,716,000. Bessemer Group Inc. raised its stake in shares of Eversource Energy by 62.5% in the 4th quarter. Bessemer Group Inc. now owns 14,335 shares of the utilities provider's stock valued at $823,000 after purchasing an additional 5,514 shares during the period. Finally, Capital Fund Management S.A. acquired a new position in Eversource Energy during the 4th quarter worth approximately $4,334,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction 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 in the company, valued at $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by company insiders.
Eversource Energy Price Performance
Shares of Eversource Energy stock traded down $0.75 during mid-day trading on Thursday, reaching $65.55. 2,176,864 shares of the stock traded hands, compared to its average volume of 2,699,145. The business has a 50-day moving average of $65.00 and a 200 day moving average of $62.09. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $24.33 billion, a PE ratio of 28.13, a PEG ratio of 2.47 and a beta of 0.61. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01.
Eversource Energy (NYSE:ES - Get Free Report) last posted 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 analyst estimates of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%. Eversource Energy's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. On average, analysts predict that Eversource Energy will post 4.75 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on ES shares. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. BMO Capital Markets lifted their price target on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Mizuho increased their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Finally, Bank of America raised their price objective on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $65.56.
Check Out Our Latest Stock Analysis on ES
Eversource Energy Company Profile
(
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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