Huntington National Bank boosted its stake in shares of Eversource Energy (NYSE:ES) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,994 shares of the utilities provider’s stock after buying an additional 151 shares during the period. Huntington National Bank’s holdings in Eversource Energy were worth $303,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in ES. Brookfield Asset Management Inc. bought a new stake in Eversource Energy during the first quarter worth $106,000. Advisory Services Network LLC acquired a new stake in Eversource Energy during the first quarter valued at approximately $112,000. Northwestern Mutual Wealth Management Co. increased its stake in Eversource Energy by 24.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,005 shares of the utilities provider’s stock valued at $119,000 after buying an additional 400 shares in the last quarter. NEXT Financial Group Inc increased its stake in Eversource Energy by 168.9% in the second quarter. NEXT Financial Group Inc now owns 2,420 shares of the utilities provider’s stock valued at $147,000 after buying an additional 1,520 shares in the last quarter. Finally, First Personal Financial Services increased its stake in Eversource Energy by 180.2% in the first quarter. First Personal Financial Services now owns 2,567 shares of the utilities provider’s stock valued at $151,000 after buying an additional 1,651 shares in the last quarter. 71.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Eversource Energy (ES) opened at 62.80 on Thursday. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $63.34. The stock has a market capitalization of $19.90 billion, a P/E ratio of 20.32 and a beta of 0.28. The firm’s 50-day moving average is $60.99 and its 200 day moving average is $59.81.
Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts forecast that Eversource Energy will post $3.15 EPS for the current fiscal year.
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Several research analysts have issued reports on ES shares. Citigroup Inc. raised 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 target on shares of Eversource Energy from $57.00 to $61.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. Barclays PLC reiterated an “equal weight” rating and issued 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 upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 5th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $59.00 price objective on shares of Eversource Energy in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Eversource Energy has an average rating of “Hold” and an average target price of $62.95.
In related news, VP Werner J. Schweiger sold 36,736 shares of the 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 Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by company 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.
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