OLD Dominion Capital Management Inc. Purchases Shares of 3,532 Eversource Energy (ES)

OLD Dominion Capital Management Inc. purchased a new stake in Eversource Energy (NYSE:ES) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,532 shares of the utilities provider’s stock, valued at approximately $214,000.

Several other institutional investors have also modified their holdings of ES. State of Alaska Department of Revenue boosted its position in shares of Eversource Energy by 24.0% in the first quarter. State of Alaska Department of Revenue now owns 93,392 shares of the utilities provider’s stock valued at $5,488,000 after buying an additional 18,083 shares in the last quarter. Ledyard National Bank boosted its position in shares of Eversource Energy by 9.0% in the first quarter. Ledyard National Bank now owns 3,172 shares of the utilities provider’s stock valued at $186,000 after buying an additional 263 shares in the last quarter. Trust Department MB Financial Bank N A boosted its position in shares of Eversource Energy by 4.9% in the first quarter. Trust Department MB Financial Bank N A now owns 3,474 shares of the utilities provider’s stock valued at $204,000 after buying an additional 162 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Eversource Energy by 22.4% in the first quarter. DnB Asset Management AS now owns 44,821 shares of the utilities provider’s stock valued at $2,635,000 after buying an additional 8,200 shares in the last quarter. Finally, Somerset Trust Co boosted its position in shares of Eversource Energy by 2.0% in the first quarter. Somerset Trust Co now owns 23,704 shares of the utilities provider’s stock valued at $1,393,000 after buying an additional 461 shares in the last quarter. 71.03% of the stock is owned by institutional investors.

Eversource Energy (NYSE ES) opened at 62.22 on Friday. The company has a 50 day moving average of $60.98 and a 200 day moving average of $59.55. The company has a market capitalization of $19.72 billion, a PE ratio of 20.14 and a beta of 0.28. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. On average, analysts predict that Eversource Energy will post $3.15 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Wednesday, June 21st. Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 price target (up from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Credit Suisse Group reaffirmed a “hold” rating and set a $59.00 price target on shares of Eversource Energy in a research note on Tuesday, June 6th. Morgan Stanley raised their price target on shares of Eversource Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG cut shares of Eversource Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from $61.00 to $61.50 in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $62.95.

In related news, VP Werner J. Schweiger sold 36,736 shares of the stock in a transaction 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 hyperlink. Corporate insiders own 0.53% of the company’s stock.

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

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