Northstar Wealth Partners LLC Sells 12,466 Shares of Eversource Energy (ES)

Northstar Wealth Partners LLC lowered its holdings in Eversource Energy (NYSE:ES) by 72.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,839 shares of the utilities provider’s stock after selling 12,466 shares during the period. Northstar Wealth Partners LLC’s holdings in Eversource Energy were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Eversource Energy by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock worth $2,006,787,000 after acquiring an additional 781,327 shares during the period. BlackRock Inc. lifted its holdings in shares of Eversource Energy by 1.6% during the 2nd quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock worth $1,478,596,000 after acquiring an additional 374,229 shares during the period. Legal & General Group Plc lifted its holdings in shares of Eversource Energy by 7.5% during the 2nd quarter. Legal & General Group Plc now owns 2,657,288 shares of the utilities provider’s stock worth $161,331,000 after acquiring an additional 186,030 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Eversource Energy by 72.3% during the 3rd quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock worth $154,515,000 after acquiring an additional 1,072,700 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Eversource Energy by 382.4% during the 2nd quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock worth $141,257,000 after acquiring an additional 1,844,447 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

ES has been the subject of a number of recent analyst reports. Credit Suisse Group upped their price target on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Williams Capital increased their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Janney Montgomery Scott set a $71.00 price objective on shares of Eversource Energy and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, Morgan Stanley increased their price objective on shares of Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $64.06.

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Shares of Eversource Energy (ES) traded up 0.328% during trading on Tuesday, reaching $62.695. 528,822 shares of the company traded hands. The stock has a market capitalization of $19.87 billion, a PE ratio of 20.290 and a beta of 0.29. The firm’s 50-day moving average is $61.60 and its 200-day moving average is $61.37. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $64.19.

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.

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

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