Natixis Advisors LLC Has $3.64 Million Stock Position in Eversource Energy (NYSE:ES)

Key Points

• Natixis Advisors LLC significantly reduced its stake in Eversource Energy (NYSE:ES) by 53.8% during the first quarter, holding 58,536 shares valued at approximately $3.64 million.
• Several hedge funds have increased their positions in Eversource Energy, with Vest Financial LLC purchasing a new position worth about $60.27 million in the first quarter.
• Recent earnings showed Eversource Energy reported $0.96 EPS, slightly beating analysts' expectations, while revenue of $2.84 billion was below the anticipated $3.01 billion.

Natixis Advisors LLC lessened its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 53.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 58,536 shares of the utilities provider's stock after selling 68,057 shares during the period. Natixis Advisors LLC's holdings in Eversource Energy were worth $3,636,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pinney & Scofield Inc. bought a new position in Eversource Energy during the fourth quarter valued at about $33,000. Rossby Financial LCC bought a new stake in shares of Eversource Energy in the 1st quarter valued at approximately $34,000. CoreCap Advisors LLC grew its stake 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 purchasing an additional 383 shares during the period. First Financial Corp IN grew its stake 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 purchasing an additional 600 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in shares of Eversource Energy by 233.9% in the 1st quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 580 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Down 1.3%

Shares of NYSE ES traded down $0.89 during mid-day trading on Friday, hitting $65.04. The company had a trading volume of 2,162,470 shares, compared to its average volume of 2,058,390. The company has a market capitalization of $24.14 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.43 and a beta of 0.61. The firm has a 50-day simple moving average of $64.95 and a two-hundred day simple moving average of $61.93. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.67. 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 announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.01. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations 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 last year, the company earned $0.95 EPS. On average, equities analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

ES has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Bank of America increased their price target on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Mizuho increased their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Finally, Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. 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 company. According to MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and a consensus price target of $65.56.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the sale, the executive vice president directly owned 10,988 shares in the company, valued at $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 SEC, which is available at this hyperlink. Company insiders own 0.41% of the company's stock.

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.