Eversource Energy (NYSE:ES) Stock Position Decreased by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership lessened its holdings in shares of Eversource Energy (NYSE:ES) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,795 shares of the utilities provider’s stock after selling 228 shares during the period. Prio Wealth Limited Partnership’s holdings in Eversource Energy were worth $375,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Inceptionr LLC grew its position in shares of Eversource Energy by 439.6% during the 1st quarter. Inceptionr LLC now owns 19,949 shares of the utilities provider’s stock valued at $1,561,000 after buying an additional 16,252 shares during the last quarter. HRT Financial LP bought a new stake in shares of Eversource Energy during the 1st quarter valued at about $456,000. Independent Advisor Alliance bought a new stake in shares of Eversource Energy during the 1st quarter valued at about $522,000. Norinchukin Bank The grew its position in shares of Eversource Energy by 2.3% during the 1st quarter. Norinchukin Bank The now owns 28,893 shares of the utilities provider’s stock valued at $2,261,000 after buying an additional 663 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Eversource Energy by 8.7% during the 1st quarter. UBS Group AG now owns 1,247,662 shares of the utilities provider’s stock valued at $97,642,000 after buying an additional 99,515 shares during the last quarter. Institutional investors own 80.83% of the company’s stock.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $64.25, for a total transaction of $963,750.00. Following the completion of the sale, the vice president now directly owns 63,554 shares of the company’s stock, valued at $4,083,344.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.38% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE:ES traded down $1.25 during trading on Tuesday, reaching $61.80. The company had a trading volume of 335,449 shares, compared to its average volume of 1,888,188. The firm’s fifty day moving average is $68.78 and its 200 day moving average is $72.93. The firm has a market capitalization of $21.57 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48. Eversource Energy has a twelve month low of $61.79 and a twelve month high of $92.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.64.

Eversource Energy (NYSE:ES) last released its earnings results on Monday, July 31st. The utilities provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.91 by $0.09. Eversource Energy had a net margin of 9.28% and a return on equity of 9.78%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Eversource Energy will post 4.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Eversource Energy from $87.00 to $78.00 in a research report on Wednesday, June 7th. StockNews.com assumed coverage on shares of Eversource Energy in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Barclays assumed coverage on shares of Eversource Energy in a research report on Wednesday, August 23rd. They issued an “equal weight” rating and a $72.00 target price for the company. Morgan Stanley decreased their target price on shares of Eversource Energy from $81.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. Finally, BMO Capital Markets decreased their target price on shares of Eversource Energy from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $81.33.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.