Capital Fund Management S.A. acquired a new stake in Eversource Energy (NYSE:ES) during the second quarter, according to its most recent filing with the SEC. The firm acquired 61,700 shares of the utilities provider’s stock, valued at approximately $3,616,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Signaturefd LLC bought a new position in shares of Eversource Energy in the 1st quarter worth $106,000. Braun Bostich & Associates Inc. boosted its position in shares of Eversource Energy by 1,308.3% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 1,727 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of Eversource Energy in the 1st quarter worth $119,000. Optimum Investment Advisors bought a new position in shares of Eversource Energy in the 1st quarter worth $143,000. Finally, Synovus Financial Corp boosted its position in shares of Eversource Energy by 205.3% in the 2nd quarter. Synovus Financial Corp now owns 2,650 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 1,782 shares during the last quarter. Hedge funds and other institutional investors own 74.78% of the company’s stock.

In related news, EVP Leon J. Olivier sold 50,000 shares of Eversource Energy stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $62.03, for a total transaction of $3,101,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

ES has been the topic of several recent research reports. Credit Suisse Group reduced their price target on Eversource Energy from $61.00 to $58.00 and set an “underperform” rating on the stock in a research report on Thursday, May 24th. Zacks Investment Research upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. ValuEngine lowered Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Morgan Stanley reduced their price target on Eversource Energy from $62.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 13th. Finally, Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Eversource Energy presently has an average rating of “Buy” and an average price target of $62.70.

NYSE:ES opened at $63.27 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.60 and a current ratio of 0.65. The stock has a market capitalization of $19.90 billion, a P/E ratio of 20.34, a P/E/G ratio of 3.26 and a beta of 0.23. Eversource Energy has a 52-week low of $52.76 and a 52-week high of $66.15.

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

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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