Hennessy Advisors Inc. lessened its holdings in shares of Eversource Energy (NYSE:ES) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 260,875 shares of the utilities provider’s stock after selling 3,500 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.08% of Eversource Energy worth $15,767,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ES. Private Bank & Trust Co. raised its position in shares of Eversource Energy by 0.3% in the 2nd quarter. Private Bank & Trust Co. now owns 4,167 shares of the utilities provider’s stock worth $253,000 after buying an additional 13 shares during the period. MAI Capital Management raised its position in shares of Eversource Energy by 0.6% in the 2nd quarter. MAI Capital Management now owns 4,408 shares of the utilities provider’s stock worth $268,000 after buying an additional 25 shares during the period. Buckingham Asset Management LLC raised its position in shares of Eversource Energy by 0.6% in the 2nd quarter. Buckingham Asset Management LLC now owns 4,047 shares of the utilities provider’s stock worth $246,000 after buying an additional 25 shares during the period. Advisory Services Network LLC raised its position in shares of Eversource Energy by 1.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after buying an additional 32 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Eversource Energy by 0.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,980 shares of the utilities provider’s stock worth $545,000 after buying an additional 50 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Eversource Energy (NYSE:ES) traded down $0.56 during trading hours on Friday, reaching $64.12. The company’s stock had a trading volume of 185,567 shares, compared to its average volume of 1,402,102. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. Eversource Energy has a one year low of $50.56 and a one year high of $65.01. The stock has a market capitalization of $20,480.33, a price-to-earnings ratio of 20.98, a PEG ratio of 3.46 and a beta of 0.31.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. research analysts predict that Eversource Energy will post 3.15 EPS for the current fiscal year.

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Several research analysts recently weighed in on the company. Zacks Investment Research lowered Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Morgan Stanley increased their target price on Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Bank of America Corporation assumed coverage on Eversource Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $62.00 target price on the stock. Williams Capital increased their target price on Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Credit Suisse Group increased their target price on Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $64.06.

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

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