Candriam Luxembourg S.C.A. raised its position in shares of Eversource Energy (NYSE:ES) by 40.8% during the second quarter, Holdings Channel reports. The fund owned 32,833 shares of the utilities provider’s stock after buying an additional 9,514 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Eversource Energy were worth $1,993,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in shares of Eversource Energy by 5.0% in the first quarter. Quadrant Capital Group LLC now owns 2,999 shares of the utilities provider’s stock worth $170,000 after buying an additional 143 shares during the last quarter. National Pension Service boosted its stake 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 worth $16,491,000 after buying an additional 13,452 shares during the last quarter. Bank of Montreal Can boosted its stake 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 worth $28,342,000 after buying an additional 49,467 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Eversource Energy by 49.4% in the first quarter. Capstone Asset Management Co. now owns 47,744 shares of the utilities provider’s stock worth $2,806,000 after buying an additional 15,780 shares during the last quarter. Finally, Private Bank & Trust Co. boosted its stake in shares of Eversource Energy by 8.4% in the first quarter. Private Bank & Trust Co. now owns 4,154 shares of the utilities provider’s stock worth $244,000 after buying an additional 321 shares during the last quarter. 71.03% of the stock is owned by institutional investors and hedge funds.

Eversource Energy (ES) opened at 62.22 on Friday. Eversource Energy has a 52 week low of $50.56 and a 52 week high of $63.34. The firm has a market capitalization of $19.72 billion, a price-to-earnings ratio of 20.14 and a beta of 0.28. The stock’s 50 day moving average is $60.98 and its 200-day moving average is $59.55.

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

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ES has been the subject of a number of research reports. Citigroup Inc. upped their target price on shares of Eversource Energy from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. BMO Capital Markets boosted their price target on shares of Eversource Energy from $57.00 to $61.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. Barclays PLC reiterated an “equal weight” rating and set a $66.00 price target (up from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 5th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $59.00 price target on shares of Eversource Energy in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus 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 the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $62.00, for a total transaction of $2,277,632.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

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.

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

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