Invesco Ltd. Purchases 32,304 Shares of Eversource Energy (NYSE:ES)

Key Points

• Invesco Ltd. has increased its stake in Eversource Energy by 0.5%, holding a total of 6,036,393 shares valued at approximately $374.9 million.
• During the last quarter, Eversource Energy reported $0.96 earnings per share, slightly beating analysts' expectations, although revenue of $2.84 billion fell short of forecasts.
• The average rating for Eversource Energy's stock is currently a "Hold", with a consensus price target of $65.56 after several analysts adjusted their price objectives.

Invesco Ltd. lifted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 0.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,036,393 shares of the utilities provider's stock after acquiring an additional 32,304 shares during the quarter. Invesco Ltd. owned approximately 1.64% of Eversource Energy worth $374,920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ES. Pinney & Scofield Inc. bought a new position in Eversource Energy in the 4th quarter worth about $33,000. Rossby Financial LCC purchased a new stake in shares of Eversource Energy in the 1st quarter valued at about $34,000. CoreCap Advisors LLC raised its holdings in shares of Eversource Energy by 168.7% in the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 383 shares in the last quarter. First Financial Corp IN raised its holdings in shares of Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 600 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Eversource Energy in the 1st quarter valued at about $46,000. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Down 1.1%

Shares of ES traded down $0.75 on Thursday, hitting $65.55. 2,176,864 shares of the stock traded hands, compared to its average volume of 2,699,145. The company has a market capitalization of $24.33 billion, a PE ratio of 28.13, a P/E/G ratio of 2.47 and a beta of 0.61. 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 business has a 50 day simple moving average of $65.00 and a 200 day simple moving average of $62.09. Eversource Energy has a one year low of $52.28 and a one year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted 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. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ES has been the topic of several recent analyst reports. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. BMO Capital Markets raised their price target on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Bank of America raised their price target on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Mizuho raised their price target on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy has a consensus rating of "Hold" and a consensus target price of $65.56.

Eversource Energy Company Profile

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.