712 Shares in Eversource Energy (NYSE:ES) Bought by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC acquired a new stake in shares of Eversource Energy (NYSE:ES) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 712 shares of the utilities provider’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Heritage Wealth Advisors purchased a new position in shares of Eversource Energy during the 4th quarter worth $25,000. Rise Advisors LLC acquired a new position in shares of Eversource Energy in the 1st quarter worth approximately $27,000. Bfsg LLC acquired a new stake in shares of Eversource Energy during the fourth quarter worth about $31,000. Versant Capital Management Inc grew its holdings in shares of Eversource Energy by 62.6% in the first quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 201 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its stake in shares of Eversource Energy by 49.7% in the first quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 181 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ES. Barclays raised their price objective on shares of Eversource Energy from $65.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, July 22nd. Morgan Stanley decreased their price objective on shares of Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. BMO Capital Markets boosted their target price on Eversource Energy from $65.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Wells Fargo & Company raised their target price on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Scotiabank reduced their target price on Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $66.93.

Eversource Energy Trading Up 1.6 %

Shares of ES stock traded up $1.04 during trading hours on Friday, reaching $67.11. 2,955,862 shares of the stock traded hands, compared to its average volume of 2,226,071. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $23.64 billion, a PE ratio of -56.87, a PEG ratio of 2.53 and a beta of 0.59. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $69.47. The business has a fifty day moving average price of $59.57 and a 200 day moving average price of $58.72.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, meeting the consensus estimate of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Insider Activity

In other news, EVP Penelope M. Conner sold 2,700 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the transaction, the executive vice president now owns 10,272 shares in the company, valued at approximately $603,480. The sale was disclosed in a filing with the SEC, which is available at this link. In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $58.75, for a total transaction of $158,625.00. Following the transaction, the executive vice president now owns 10,272 shares in the company, valued at $603,480. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Gregory B. Butler sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the completion of the transaction, the vice president now directly owns 63,808 shares of the company’s stock, valued at $3,586,009.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by company 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.