Capstone Asset Management Co. decreased its stake in Eversource Energy (NYSE:ES) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,883 shares of the utilities provider’s stock after selling 861 shares during the period. Capstone Asset Management Co.’s holdings in Eversource Energy were worth $2,846,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Eversource Energy by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 697,443 shares of the utilities provider’s stock worth $38,522,000 after buying an additional 28,572 shares during the period. USA Financial Portformulas Corp acquired a new position in Eversource Energy during the fourth quarter worth $505,000. Teachers Advisors LLC raised its position in Eversource Energy by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 566,706 shares of the utilities provider’s stock worth $31,299,000 after buying an additional 39,988 shares during the last quarter. Kentucky Retirement Systems purchased a new position in Eversource Energy during the fourth quarter worth $1,271,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Eversource Energy during the fourth quarter worth $567,000. 71.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eversource Energy (NYSE ES) traded up 0.42% during trading on Tuesday, reaching $62.31. 1,030,576 shares of the company were exchanged. The firm has a market capitalization of $19.75 billion, a P/E ratio of 20.17 and a beta of 0.28. The firm’s 50 day moving average is $61.07 and its 200 day moving average is $59.36. Eversource Energy has a 1-year low of $50.56 and a 1-year high of $63.34.
Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, equities analysts anticipate that Eversource Energy will post $3.16 EPS for the current fiscal year.
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Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Monday, April 10th. Barclays PLC reiterated an “equal weight” rating and set a $66.00 target price (up from $62.00) on shares of Eversource Energy in a research report on Thursday, June 1st. BidaskClub lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Deutsche Bank AG lifted their target price on shares of Eversource Energy from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $59.00 target price on shares of Eversource Energy in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.75.
In related news, VP Werner J. Schweiger sold 36,736 shares of the firm’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 transaction of $2,277,632.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.
About Eversource Energy
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.
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