Eversource Energy (NYSE:ES) Stake Held by Oakworth Capital Inc.

Oakworth Capital Inc. held its position in shares of Eversource Energy (NYSE:ES) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,731 shares of the utilities provider’s stock at the end of the second quarter. Oakworth Capital Inc.’s holdings in Eversource Energy were worth $105,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Eversource Energy by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 566,706 shares of the utilities provider’s stock valued at $31,299,000 after buying an additional 39,988 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Eversource Energy by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 273,276 shares of the utilities provider’s stock valued at $16,063,000 after buying an additional 7,419 shares during the period. Union Bankshares Corp increased its position in shares of Eversource Energy by 12.1% in the first quarter. Union Bankshares Corp now owns 74,798 shares of the utilities provider’s stock valued at $4,397,000 after buying an additional 8,071 shares during the period. Quadrant Capital Group LLC increased its position in shares of Eversource Energy by 5.0% in the first quarter. Quadrant Capital Group LLC now owns 2,999 shares of the utilities provider’s stock valued at $170,000 after buying an additional 143 shares during the period. Finally, National Pension Service increased its position in shares of Eversource Energy by 5.0% in the first quarter. National Pension Service now owns 281,316 shares of the utilities provider’s stock valued at $16,491,000 after buying an additional 13,452 shares during the period. Institutional investors own 71.03% of the company’s stock.

Shares of Eversource Energy (NYSE ES) traded down 0.58% on Friday, hitting $61.86. The stock had a trading volume of 1,416,436 shares. The stock has a market cap of $19.60 billion, a P/E ratio of 20.02 and a beta of 0.28. Eversource Energy has a 12 month low of $50.56 and a 12 month high of $63.34. The firm has a 50 day moving average of $60.97 and a 200 day moving average of $59.60.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. Eversource Energy’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, equities analysts forecast that Eversource Energy will post $3.15 earnings per share for the current fiscal year.

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ES has been the topic of several research reports. Citigroup Inc. increased their price target on shares of Eversource Energy from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. BMO Capital Markets raised their price objective on shares of Eversource Energy from $57.00 to $61.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 price objective (up previously from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 5th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $59.00 price objective on shares of Eversource Energy in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.95.

In other news, VP Werner J. Schweiger sold 36,736 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $62.00, for a total value of $2,277,632.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.

Eversource Energy Company Profile

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

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

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