Investors purchased shares of Eversource Energy (NYSE:ES) on weakness during trading on Thursday. $31.42 million flowed into the stock on the tick-up and $10.34 million flowed out of the stock on the tick-down, for a money net flow of $21.08 million into the stock. Of all equities tracked, Eversource Energy had the 29th highest net in-flow for the day. Eversource Energy traded down ($0.24) for the day and closed at $63.00

A number of research firms have recently commented on ES. BidaskClub lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Morgan Stanley lifted their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. BMO Capital Markets lifted their price target on shares of Eversource Energy from $57.00 to $61.00 and gave the company a “market perform” rating in a research report on Friday, May 5th. Finally, Deutsche Bank AG lowered shares of Eversource Energy from a “buy” rating to a “hold” rating and lifted their price target for the company from $61.00 to $61.50 in a research report on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Eversource Energy presently has an average rating of “Hold” and an average price target of $62.95.

The company has a market cap of $19.83 billion, a price-to-earnings ratio of 20.25 and a beta of 0.29. The stock has a 50-day moving average price of $61.88 and a 200 day moving average price of $60.41.

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

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Eversource Energy by 2.4% in the second quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock valued at $2,006,787,000 after buying an additional 781,327 shares in the last quarter. BlackRock Inc. increased its stake in shares of Eversource Energy by 1.6% in the second quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock valued at $1,478,596,000 after buying an additional 374,229 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Eversource Energy by 3.8% in the first quarter. Wellington Management Group LLP now owns 12,852,374 shares of the utilities provider’s stock valued at $755,462,000 after buying an additional 464,555 shares in the last quarter. Thomaspartners Inc. increased its stake in shares of Eversource Energy by 9.4% in the first quarter. Thomaspartners Inc. now owns 3,947,433 shares of the utilities provider’s stock valued at $232,030,000 after buying an additional 339,289 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Eversource Energy by 9.8% in the first quarter. Geode Capital Management LLC now owns 3,186,475 shares of the utilities provider’s stock valued at $187,038,000 after buying an additional 285,575 shares in the last quarter. 72.46% of the stock is owned by institutional investors and hedge funds.

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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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