Aperio Group LLC increased its stake in shares of Eversource Energy (NYSE:ES) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,419 shares of the utilities provider’s stock after purchasing an additional 40,461 shares during the quarter. Aperio Group LLC owned 0.07% of Eversource Energy worth $12,476,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ES. BB&T Securities LLC acquired a new position in shares of Eversource Energy during the 2nd quarter worth about $1,033,000. Teacher Retirement System of Texas acquired a new position in shares of Eversource Energy during the 2nd quarter worth about $200,000. Swiss National Bank boosted its position in shares of Eversource Energy by 3.0% during the 2nd quarter. Swiss National Bank now owns 1,157,857 shares of the utilities provider’s stock worth $70,293,000 after acquiring an additional 33,900 shares in the last quarter. First PREMIER Bank boosted its position in shares of Eversource Energy by 0.7% during the 2nd quarter. First PREMIER Bank now owns 23,616 shares of the utilities provider’s stock worth $1,433,000 after acquiring an additional 169 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Eversource Energy by 24.4% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 92,306 shares of the utilities provider’s stock worth $5,604,000 after acquiring an additional 18,113 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.
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Several research firms have recently issued reports on ES. Zacks Investment Research cut Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Morgan Stanley upped their price objective on Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Bank of America Corporation began coverage on Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price objective for the company. Williams Capital upped their price objective on Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Credit Suisse Group upped their price objective on Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.06.
Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year.
Eversource Energy 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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