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Eversource Energy (NYSE:ES) Shares Bought by GSA Capital Partners LLP

Eversource Energy logo with Utilities background

GSA Capital Partners LLP boosted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 117.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,169 shares of the utilities provider's stock after acquiring an additional 14,693 shares during the quarter. GSA Capital Partners LLP's holdings in Eversource Energy were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Meeder Advisory Services Inc. raised its position in Eversource Energy by 11.3% during the first quarter. Meeder Advisory Services Inc. now owns 8,101 shares of the utilities provider's stock valued at $503,000 after purchasing an additional 824 shares during the period. Mackenzie Financial Corp raised its position in Eversource Energy by 1.3% during the first quarter. Mackenzie Financial Corp now owns 1,195,703 shares of the utilities provider's stock valued at $74,265,000 after purchasing an additional 14,875 shares during the period. LPL Financial LLC raised its position in Eversource Energy by 42.9% during the first quarter. LPL Financial LLC now owns 367,079 shares of the utilities provider's stock valued at $22,799,000 after purchasing an additional 110,185 shares during the period. Inspire Advisors LLC bought a new position in shares of Eversource Energy during the first quarter valued at approximately $2,675,000. Finally, Empirical Finance LLC grew its stake in shares of Eversource Energy by 3.8% during the first quarter. Empirical Finance LLC now owns 12,339 shares of the utilities provider's stock valued at $766,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Insider Activity at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Eversource Energy Stock Performance

ES traded down $0.60 during midday trading on Friday, hitting $65.50. 2,841,173 shares of the company were exchanged, compared to its average volume of 1,925,586. The company's 50 day simple moving average is $64.78 and its 200 day simple moving average is $61.61. The firm has a market capitalization of $24.06 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71. Eversource Energy has a 1-year low of $52.28 and a 1-year 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 analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a return on equity of 11.10% and a net margin of 6.60%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period last year, the firm earned $0.95 EPS. The company's quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ES shares. Mizuho upped their target price on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. BMO Capital Markets increased their price objective on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Finally, Bank of America increased their price objective on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of "Hold" and an average target price of $65.56.

View Our Latest Research Report on Eversource Energy

Eversource Energy 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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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