Eversource Energy (ES) Stake Boosted by Advisor Partners LLC

Advisor Partners LLC increased its stake in Eversource Energy (NYSE:ES) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,222 shares of the utilities provider’s stock after buying an additional 346 shares during the period. Advisor Partners LLC’s holdings in Eversource Energy were worth $499,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Private Bank & Trust Co. raised its stake in Eversource Energy by 0.3% in the second quarter. Private Bank & Trust Co. now owns 4,167 shares of the utilities provider’s stock valued at $253,000 after buying an additional 13 shares during the period. Cleararc Capital Inc. raised its stake in Eversource Energy by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,743 shares of the utilities provider’s stock valued at $455,000 after buying an additional 31 shares during the period. Barry Investment Advisors LLC raised its stake in Eversource Energy by 0.8% in the first quarter. Barry Investment Advisors LLC now owns 6,220 shares of the utilities provider’s stock valued at $366,000 after buying an additional 49 shares during the period. Daiwa Securities Group Inc. raised its stake in Eversource Energy by 0.6% in the second quarter. Daiwa Securities Group Inc. now owns 8,980 shares of the utilities provider’s stock valued at $545,000 after buying an additional 50 shares during the period. Finally, TNB Financial raised its stake in Eversource Energy by 0.9% in the second quarter. TNB Financial now owns 8,261 shares of the utilities provider’s stock valued at $502,000 after buying an additional 74 shares during the period. 71.31% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy (NYSE:ES) traded up 0.96% during trading on Friday, hitting $63.06. The stock had a trading volume of 1,481,023 shares. The stock’s 50 day moving average price is $61.09 and its 200 day moving average price is $59.89. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $63.34. The firm has a market cap of $19.98 billion, a P/E ratio of 20.41 and a beta of 0.28.

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

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Several research firms recently commented on ES. BidaskClub lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Morgan Stanley raised their target price on Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Zacks Investment Research lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Citigroup Inc. raised their price objective on Eversource Energy from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Finally, BMO Capital Markets raised their price objective on Eversource Energy from $57.00 to $61.00 and gave the company a “market perform” rating in a report on Friday, May 5th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Eversource Energy presently has an average rating of “Hold” and a consensus target price of $62.95.

In related news, VP Werner J. Schweiger sold 36,736 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

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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