First Mercantile Trust Co. decreased its position in Eversource Energy (NYSE:ES) by 23.0% during the second quarter, Holdings Channel reports. The institutional investor owned 19,280 shares of the utilities provider’s stock after selling 5,760 shares during the period. First Mercantile Trust Co.’s holdings in Eversource Energy were worth $1,170,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ES. Candriam Luxembourg S.C.A. raised its stake in Eversource Energy by 32.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 23,319 shares of the utilities provider’s stock worth $1,371,000 after buying an additional 5,744 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Eversource Energy by 24.0% in the first quarter. State of Alaska Department of Revenue now owns 93,392 shares of the utilities provider’s stock worth $5,488,000 after buying an additional 18,083 shares in the last quarter. Ledyard National Bank raised its stake in Eversource Energy by 9.0% in the first quarter. Ledyard National Bank now owns 3,172 shares of the utilities provider’s stock worth $186,000 after buying an additional 263 shares in the last quarter. Trust Department MB Financial Bank N A raised its stake in Eversource Energy by 4.9% in the first quarter. Trust Department MB Financial Bank N A now owns 3,474 shares of the utilities provider’s stock worth $204,000 after buying an additional 162 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in Eversource Energy by 22.4% in the first quarter. DnB Asset Management AS now owns 44,821 shares of the utilities provider’s stock worth $2,635,000 after buying an additional 8,200 shares in the last quarter. 71.03% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy (NYSE:ES) opened at 61.86 on Friday. The stock has a market capitalization of $19.60 billion, a PE ratio of 20.02 and a beta of 0.28. Eversource Energy has a one year low of $50.56 and a one year high of $63.34. The firm has a 50-day moving average of $60.97 and a 200-day moving average of $59.60.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping 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 company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm earned $0.64 EPS. Eversource Energy’s revenue was down .2% on a year-over-year basis. On average, equities research analysts forecast that Eversource Energy will post $3.15 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “First Mercantile Trust Co. Sells 5,760 Shares of Eversource Energy (ES)” was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/12/first-mercantile-trust-co-sells-5760-shares-of-eversource-energy-es.html.

A number of brokerages recently commented on ES. Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, June 21st. Barclays PLC reiterated an “equal weight” rating and set a $66.00 target price (up previously from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Morgan Stanley boosted their target price on shares of Eversource Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. Credit Suisse Group reiterated a “hold” rating and set a $59.00 target price on shares of Eversource Energy in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating and boosted their target price for the stock from $61.00 to $61.50 in a research note on Monday, July 31st. One research 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. The stock presently has an average rating of “Hold” and an average price target 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.

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).

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

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.