Louisiana State Employees Retirement System boosted its position in Eversource Energy (NYSE:ES) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,700 shares of the utilities provider’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Eversource Energy were worth $1,196,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in ES. Brookfield Asset Management Inc. acquired a new position in Eversource Energy during the first quarter worth approximately $106,000. Advisory Services Network LLC purchased a new position in shares of Eversource Energy during the first quarter valued at about $112,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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. 71.03% of the stock is owned by institutional investors.
Eversource Energy (NYSE ES) opened at 61.86 on Friday. The company has a 50-day moving average price of $60.97 and a 200-day moving average price of $59.60. The company has a market capitalization of $19.60 billion, a PE ratio of 20.02 and a beta of 0.28. Eversource Energy has a one year low of $50.56 and a one year high of $63.34.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 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 net margin of 12.81% and a return on equity of 9.15%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Analysts expect that Eversource Energy will post $3.15 earnings per share for the current fiscal year.
ES has been the topic of several recent research reports. Deutsche Bank AG downgraded Eversource Energy from a “buy” rating to a “hold” rating and upped their price target for the stock from $61.00 to $61.50 in a research note on Monday, July 31st. Janney Montgomery Scott set a $71.00 target price on Eversource Energy and gave the company a “buy” rating in a research note on Monday, July 31st. Morgan Stanley increased their target price on Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday. BMO Capital Markets increased their target price on Eversource Energy from $57.00 to $61.00 and gave the company a “market perform” rating in a research note on Monday, May 15th. Finally, 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 note on Thursday, June 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.95.
In other news, VP Werner J. Schweiger sold 48,544 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $61.01, for a total value of $2,961,669.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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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