Murphy Capital Management Inc. Decreases Position in Eversource Energy (ES)

Murphy Capital Management Inc. cut its stake in shares of Eversource Energy (NYSE:ES) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,771 shares of the utilities provider’s stock after selling 50 shares during the period. Murphy Capital Management Inc.’s holdings in Eversource Energy were worth $350,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of ES. Vanguard Group Inc. increased its stake in Eversource Energy by 3.5% in the first quarter. Vanguard Group Inc. now owns 32,273,965 shares of the utilities provider’s stock worth $1,897,064,000 after buying an additional 1,078,978 shares during the last quarter. BlackRock Inc. raised its position in Eversource Energy by 2,396.3% in the first quarter. BlackRock Inc. now owns 23,980,820 shares of the utilities provider’s stock valued at $1,409,592,000 after buying an additional 23,020,171 shares during the last quarter. Wellington Management Group LLP raised its position in Eversource Energy by 3.8% in the first quarter. Wellington Management Group LLP now owns 12,852,374 shares of the utilities provider’s stock valued at $755,462,000 after buying an additional 464,555 shares during the last quarter. Thomaspartners Inc. raised its position in Eversource Energy by 9.4% in the first quarter. Thomaspartners Inc. now owns 3,947,433 shares of the utilities provider’s stock valued at $232,030,000 after buying an additional 339,289 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Eversource Energy by 9.8% in the first quarter. Geode Capital Management LLC now owns 3,186,475 shares of the utilities provider’s stock valued at $187,038,000 after buying an additional 285,575 shares in the last quarter. Institutional investors own 71.03% of the company’s stock.

Eversource Energy (NYSE ES) opened at 61.86 on Friday. The stock has a market capitalization of $19.60 billion, a PE ratio of 20.02 and a beta of 0.28. Eversource Energy has a 52-week low of $50.56 and a 52-week high of $63.34. The stock’s 50 day moving average price is $60.97 and its 200-day moving average price is $59.60.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that Eversource Energy will post $3.15 EPS for the current fiscal year.

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ES has been the subject of a number of recent research reports. Deutsche Bank AG lowered shares of Eversource Energy from a “buy” rating to a “hold” rating and boosted their price target for the company from $61.00 to $61.50 in a research note on Monday, July 31st. Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the stock a “buy” rating in a report on Monday, July 31st. Morgan Stanley upped their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday. BMO Capital Markets upped their price target on Eversource Energy from $57.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday, May 15th. Finally, BidaskClub cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.95.

In other news, VP Werner J. Schweiger sold 48,544 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $61.01, for a total value of $2,961,669.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.

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.

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

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