Eversource Energy (NYSE:ES) Shares Purchased by M&G Plc

M&G Plc boosted its position in Eversource Energy (NYSE:ES) by 16.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,626,685 shares of the utilities provider’s stock after purchasing an additional 234,361 shares during the quarter. M&G Plc owned about 0.46% of Eversource Energy worth $92,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Eversource Energy by 24.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider’s stock valued at $4,232,000 after purchasing an additional 13,950 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in Eversource Energy by 38.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 56,781 shares of the utilities provider’s stock valued at $3,394,000 after purchasing an additional 15,714 shares during the last quarter. Great Oak Capital Partners LLC acquired a new position in Eversource Energy in the 4th quarter valued at about $1,047,000. Cibc World Markets Corp raised its stake in Eversource Energy by 133.3% in the 4th quarter. Cibc World Markets Corp now owns 44,955 shares of the utilities provider’s stock valued at $2,775,000 after purchasing an additional 25,688 shares during the last quarter. Finally, Ethic Inc. raised its stake in Eversource Energy by 23.1% in the 4th quarter. Ethic Inc. now owns 164,721 shares of the utilities provider’s stock valued at $10,167,000 after purchasing an additional 30,890 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the sale, the executive vice president now owns 9,847 shares of the company’s stock, valued at $639,464.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the sale, the executive vice president now owns 9,847 shares of the company’s stock, valued at $639,464.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregory B. Butler sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares of the company’s stock, valued at approximately $3,586,009.60. The disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $753,095 over the last 90 days. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Trading Up 1.4 %

ES traded up $0.88 on Tuesday, reaching $65.75. 2,426,208 shares of the company’s stock were exchanged, compared to its average volume of 2,538,707. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.68 and a current ratio of 0.77. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $68.72. The company’s 50 day moving average is $60.43 and its 200-day moving average is $59.24. The company has a market cap of $23.16 billion, a price-to-earnings ratio of -54.99, a PEG ratio of 2.53 and a beta of 0.59.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $1.00 earnings per share. Eversource Energy’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Analyst Ratings Changes

ES has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Wells Fargo & Company increased their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays increased 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. BMO Capital Markets increased their price objective on shares of Eversource Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Morgan Stanley cut their price objective on shares of Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. One equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.43.

Eversource Energy 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.