Commonwealth Equity Services LLC raised its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,541 shares of the utilities provider's stock after purchasing an additional 17,260 shares during the period. Commonwealth Equity Services LLC owned 0.08% of Eversource Energy worth $17,362,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in ES. Pinney & Scofield Inc. acquired a new position in shares of Eversource Energy during the 4th quarter worth about $33,000. Rossby Financial LCC bought a new stake in Eversource Energy in the 1st quarter valued at approximately $34,000. CoreCap Advisors LLC lifted its stake in 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 boosted its position 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 valued at $38,000 after purchasing an additional 600 shares during the last quarter. Finally, Quarry LP boosted its position in Eversource Energy by 207.4% during the fourth quarter. Quarry LP now owns 833 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 562 shares during the last quarter. Institutional investors own 79.99% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ES. BMO Capital Markets increased their target price on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Mizuho increased their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Finally, Bank of America increased their price target on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Three equities research 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 currently has an average rating of "Hold" and an average target price of $65.56.
Get Our Latest Stock Analysis on ES
Eversource Energy Stock Performance
Shares of ES traded down $0.47 during mid-day trading on Tuesday, hitting $65.22. 335,349 shares of the company traded hands, compared to its average volume of 2,701,190. Eversource Energy has a 1 year low of $52.28 and a 1 year 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 50-day moving average price of $64.96 and a two-hundred day moving average price of $62.04. The stock has a market cap of $24.20 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 2.43 and a beta of 0.61.
Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 EPS 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 company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. Eversource Energy's revenue was up 12.0% compared to the same quarter last year. Equities analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.
Insiders Place Their Bets
In related news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction 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 transaction, the executive vice president directly owned 10,988 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 0.19% of the company's stock.
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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