Pacer Advisors Inc. Sells 12,536 Shares of Eversource Energy (NYSE:ES)

Pacer Advisors Inc. trimmed its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 33.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,072 shares of the utilities provider's stock after selling 12,536 shares during the quarter. Pacer Advisors Inc.'s holdings in Eversource Energy were worth $1,557,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ES. Mizuho Bank Ltd. bought a new position in Eversource Energy during the fourth quarter worth $26,000. Pinney & Scofield Inc. bought a new position in Eversource Energy during the fourth quarter worth $33,000. Rossby Financial LCC bought a new position in Eversource Energy during the first quarter worth $34,000. CoreCap Advisors LLC raised its stake in Eversource Energy by 168.7% during the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock worth $35,000 after buying an additional 383 shares during the last quarter. Finally, First Financial Corp IN boosted its stake 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 worth $38,000 after acquiring an additional 600 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Performance

NYSE ES traded down $0.60 during trading hours on Friday, reaching $65.50. 2,841,173 shares of the company were exchanged, compared to its average volume of 1,925,586. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. The business's 50 day simple moving average is $64.74 and its 200-day simple moving average is $61.55. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $24.06 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.47 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.10%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. On average, equities research analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ES shares. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Bank of America upped their price objective on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. JPMorgan Chase & Co. restated 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. BMO Capital Markets upped their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Finally, Mizuho upped their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Eversource Energy has a consensus rating of "Hold" and an average target price of $65.56.

Insiders Place Their Bets

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction dated 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 transaction, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by corporate insiders.

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.