Eversource Energy (ES) Stake Maintained by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D continued to hold its position in Eversource Energy (NYSE:ES) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,000 shares of the utilities provider’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Eversource Energy were worth $8,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Bank & Trust Co. increased its position 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 worth $253,000 after buying an additional 13 shares during the last quarter. Cleararc Capital Inc. increased its position in Eversource Energy by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,743 shares of the utilities provider’s stock worth $455,000 after buying an additional 31 shares during the last quarter. Barry Investment Advisors LLC increased its position 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 worth $366,000 after buying an additional 49 shares during the last quarter. TNB Financial increased its position in Eversource Energy by 0.9% in the second quarter. TNB Financial now owns 8,261 shares of the utilities provider’s stock worth $502,000 after buying an additional 74 shares during the last quarter. Finally, Tower Bridge Advisors increased its position in Eversource Energy by 1.9% in the first quarter. Tower Bridge Advisors now owns 4,081 shares of the utilities provider’s stock worth $240,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 71.03% of the company’s stock.

Eversource Energy (NYSE:ES) opened at 62.22 on Friday. Eversource Energy has a 1-year low of $50.56 and a 1-year high of $63.34. The firm has a 50-day moving average price of $60.98 and a 200-day moving average price of $59.55. The company has a market capitalization of $19.72 billion, a P/E ratio of 20.14 and a beta of 0.28.

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

COPYRIGHT VIOLATION WARNING: This article was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.com-unik.info/2017/08/11/eversource-energy-es-stake-maintained-by-state-of-new-jersey-common-pension-fund-d.html.

A number of research firms recently issued reports on ES. BidaskClub downgraded Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Morgan Stanley increased their price objective on Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday. Zacks Investment Research downgraded Eversource Energy from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Citigroup Inc. increased their price objective on Eversource Energy from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Finally, BMO Capital Markets increased their price objective on Eversource Energy from $57.00 to $61.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $62.95.

In other 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

What are top analysts saying about Eversource Energy? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Eversource Energy and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit