Eversource Energy (ES) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its stake in shares of Eversource Energy (NYSE:ES) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 hedge funds have also recently bought and sold shares of ES. National Pension Service boosted its position in shares of Eversource Energy by 5.0% in the first quarter. National Pension Service now owns 281,316 shares of the utilities provider’s stock valued at $16,491,000 after buying an additional 13,452 shares during the period. Brookfield Asset Management Inc. bought a new position in shares of Eversource Energy during the first quarter valued at about $106,000. KCG Holdings Inc. boosted its position in shares of Eversource Energy by 78.9% in the first quarter. KCG Holdings Inc. now owns 23,680 shares of the utilities provider’s stock valued at $1,392,000 after buying an additional 10,443 shares during the period. Bank of Montreal Can boosted its position in shares of Eversource Energy by 11.4% in the first quarter. Bank of Montreal Can now owns 482,160 shares of the utilities provider’s stock valued at $28,342,000 after buying an additional 49,467 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Eversource Energy during the first quarter valued at about $9,867,000. 71.31% of the stock is owned by institutional investors and hedge funds.

Eversource Energy (NYSE ES) traded up 0.96% during midday trading on Friday, hitting $63.06. The company had a trading volume of 1,481,023 shares. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $63.34. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of 20.41 and a beta of 0.28. The company’s 50 day moving average is $61.09 and its 200 day moving average is $59.89.

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

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ES has been the topic of several recent analyst reports. BidaskClub cut Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Morgan Stanley boosted their target price on Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Zacks Investment Research cut Eversource Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Citigroup Inc. boosted their target price on Eversource Energy from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Finally, BMO Capital Markets boosted their target price on Eversource Energy from $57.00 to $61.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Eversource Energy presently has an average 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 Eversource Energy stock in a transaction that occurred on Wednesday, May 31st. The shares were 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 SEC, which is accessible through the SEC website. 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.

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

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