Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Eversource Energy (NYSE:ES) by 12.1% in the second quarter, HoldingsChannel reports. The firm owned 97,060 shares of the utilities provider’s stock after selling 13,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Eversource Energy were worth $5,689,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Eversource Energy by 5.8% during the second quarter. American Century Companies Inc. now owns 3,344,553 shares of the utilities provider’s stock valued at $196,024,000 after buying an additional 184,224 shares during the period. Signition LP purchased a new position in shares of Eversource Energy during the second quarter valued at approximately $342,000. Cox Capital Co LLC purchased a new position in shares of Eversource Energy during the second quarter valued at approximately $543,000. Dai Ichi Life Insurance Company Ltd boosted its position in shares of Eversource Energy by 13.4% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 146,986 shares of the utilities provider’s stock valued at $8,615,000 after buying an additional 17,405 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Eversource Energy by 218.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,467 shares of the utilities provider’s stock valued at $2,834,000 after buying an additional 33,224 shares during the period. Hedge funds and other institutional investors own 74.78% of the company’s stock.

Eversource Energy stock opened at $63.30 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 1.07. Eversource Energy has a fifty-two week low of $52.76 and a fifty-two week high of $66.15. The company has a market cap of $19.90 billion, a PE ratio of 19.75, a P/E/G ratio of 3.26 and a beta of 0.23.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. Eversource Energy had a net margin of 12.59% and a return on equity of 9.07%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. sell-side analysts predict that Eversource Energy will post 3.25 EPS for the current year.

In other news, EVP Leon J. Olivier sold 50,000 shares of Eversource Energy stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $62.03, for a total transaction of $3,101,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.45% of the company’s stock.

Several research analysts have issued reports on ES shares. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, June 28th. Zacks Investment Research upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Tuesday, July 17th. Morgan Stanley dropped their target price on Eversource Energy from $62.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 13th. ValuEngine upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Finally, Credit Suisse Group upgraded Eversource Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $58.00 to $62.00 in a research report on Monday, July 9th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $62.30.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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

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