Acadian Asset Management LLC maintained its position in shares of Eversource Energy (NYSE:ES) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,004 shares of the utilities provider’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in Eversource Energy were worth $122,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Brookfield Asset Management Inc. bought a new stake in Eversource Energy during the first quarter valued at about $106,000. Advisory Services Network LLC bought a new stake in Eversource Energy during the first quarter valued at about $112,000. Northwestern Mutual Wealth Management Co. raised 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 during the last quarter. NEXT Financial Group Inc raised 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 during the last quarter. Finally, First Personal Financial Services raised 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 during the last quarter. 71.31% of the stock is owned by institutional investors.
Eversource Energy (NYSE ES) traded up 1.07% on Friday, reaching $63.13. The company’s stock had a trading volume of 591,418 shares. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 20.43 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 company has a 50 day moving average of $61.02 and a 200 day moving average of $59.83.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating 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 analysts’ expectations of $1.91 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts forecast that Eversource Energy will post $3.15 earnings per share for the current year.
Several equities research analysts have recently issued reports on ES shares. BMO Capital Markets raised their price objective 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. Citigroup Inc. raised their price objective on Eversource Energy from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, April 25th. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 5th. Janney Montgomery Scott set a $71.00 price objective on Eversource Energy and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG lowered Eversource Energy from a “buy” rating to a “hold” rating and raised their price objective for the company from $61.00 to $61.50 in a research note on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $62.95.
In other Eversource Energy news, VP Werner J. Schweiger sold 36,736 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.
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