Rothschild Asset Management Inc. Increases Position in Eversource Energy (ES)
Rothschild Asset Management Inc. increased its stake in shares of Eversource Energy (NYSE:ES) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,543 shares of the utilities provider’s stock after buying an additional 285 shares during the period. Rothschild Asset Management Inc.’s holdings in Eversource Energy were worth $701,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in ES. BlackRock Inc. boosted its stake in shares of Eversource Energy by 2,396.3% in the first quarter. BlackRock Inc. now owns 23,980,820 shares of the utilities provider’s stock valued at $1,409,592,000 after buying an additional 23,020,171 shares in the last quarter. Magellan Asset Management Ltd bought a new stake in shares of Eversource Energy during the first quarter valued at about $82,000,000. Vanguard Group Inc. boosted its stake in shares of Eversource Energy by 3.5% in the first quarter. Vanguard Group Inc. now owns 32,273,965 shares of the utilities provider’s stock valued at $1,897,064,000 after buying an additional 1,078,978 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Eversource Energy by 1,365.5% in the first quarter. Canada Pension Plan Investment Board now owns 742,247 shares of the utilities provider’s stock valued at $43,629,000 after buying an additional 691,600 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd bought a new stake in shares of Eversource Energy during the first quarter valued at about $35,119,000. 71.03% of the stock is owned by institutional investors.
Eversource Energy (ES) opened at 62.22 on Friday. Eversource Energy has a one year low of $50.56 and a one year high of $63.34. The firm has a market cap of $19.72 billion, a price-to-earnings ratio of 20.14 and a beta of 0.28. The firm has a 50-day moving average of $60.98 and a 200-day moving average of $59.55.
Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $0.64 EPS. Eversource Energy’s revenue was down .2% compared to the same quarter last year. Analysts anticipate that Eversource Energy will post $3.15 EPS for the current year.
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Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, June 13th. Citigroup Inc. lifted 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. Morgan Stanley restated an “equal weight” rating on shares of Eversource Energy in a report on Tuesday, July 11th. Credit Suisse Group restated a “hold” rating and set a $59.00 target price on shares of Eversource Energy in a report on Tuesday, June 6th. Finally, BMO Capital Markets lifted their target price on shares of Eversource Energy from $57.00 to $61.00 and gave the company a “market perform” rating in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.95.
In related news, VP Werner J. Schweiger sold 36,736 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $62.00, for a total value of $2,277,632.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.
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.
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