Eversource Energy (NYSE:ES) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Eversource Energy (NYSE:ES) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,148 shares of the utilities provider’s stock after purchasing an additional 200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Eversource Energy were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Shelton Capital Management purchased a new stake in shares of Eversource Energy in the 1st quarter valued at $587,000. Envestnet Asset Management Inc. increased its holdings in Eversource Energy by 6.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 159,872 shares of the utilities provider’s stock worth $12,512,000 after purchasing an additional 9,986 shares during the period. New York Life Investment Management LLC increased its holdings in Eversource Energy by 0.5% during the 4th quarter. New York Life Investment Management LLC now owns 54,450 shares of the utilities provider’s stock worth $4,565,000 after purchasing an additional 257 shares during the period. NewEdge Advisors LLC increased its holdings in Eversource Energy by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 31,258 shares of the utilities provider’s stock worth $2,440,000 after purchasing an additional 2,551 shares during the period. Finally, Astoria Portfolio Advisors LLC. purchased a new stake in Eversource Energy during the 1st quarter worth about $257,000. Hedge funds and other institutional investors own 80.83% of the company’s stock.

Insider Transactions at Eversource Energy

In other news, VP Gregory B. Butler sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $64.25, for a total value of $963,750.00. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ES shares. Barclays started coverage on Eversource Energy in a research report on Wednesday, August 23rd. They set an “equal weight” rating and a $72.00 price objective for the company. Citigroup decreased their target price on Eversource Energy from $86.00 to $80.00 in a research report on Sunday, July 16th. UBS Group decreased their target price on Eversource Energy from $81.00 to $75.00 in a research report on Friday, May 26th. Mizuho decreased their target price on Eversource Energy from $79.00 to $73.00 in a research report on Friday, July 28th. Finally, Scotiabank raised Eversource Energy from a “sector perform” rating to a “sector outperform” rating and set a $91.00 target price for the company in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $81.33.

Eversource Energy Price Performance

ES stock traded up $0.73 during midday trading on Friday, hitting $62.08. 2,381,086 shares of the stock were exchanged, compared to its average volume of 1,879,130. The stock’s 50-day moving average price is $68.06 and its 200-day moving average price is $72.46. The stock has a market cap of $21.67 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.47 and a beta of 0.48. Eversource Energy has a fifty-two week low of $60.37 and a fifty-two week 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 issued its quarterly earnings data on Monday, July 31st. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.09. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 9.78% and a net margin of 9.28%. Eversource Energy’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Research analysts predict that Eversource Energy will post 4.36 earnings per share for the current year.

Eversource Energy Profile

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.