Norinchukin Bank The boosted its holdings in Eversource Energy (NYSE:ES) by 13.5% during the third quarter, Holdings Channel reports. The fund owned 40,759 shares of the utilities provider’s stock after acquiring an additional 4,857 shares during the period. Norinchukin Bank The’s holdings in Eversource Energy were worth $2,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Braun Bostich & Associates Inc. increased its stake in shares of Eversource Energy by 1,308.3% in the second quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 1,727 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of Eversource Energy in the third quarter valued at approximately $117,000. O Brien Wealth Partners LLC increased its stake in shares of Eversource Energy by 175.3% in the third quarter. O Brien Wealth Partners LLC now owns 1,963 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 1,250 shares during the period. Asset Advisors Investment Management LLC acquired a new stake in shares of Eversource Energy in the third quarter valued at approximately $148,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Eversource Energy by 46.8% in the second quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 808 shares during the period. 74.74% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Leon J. Olivier sold 50,000 shares of the firm’s 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 document filed with the SEC, which is available at this link. 0.45% of the stock is owned by company insiders.

NYSE ES opened at $67.38 on Tuesday. Eversource Energy has a 12 month low of $52.76 and a 12 month high of $67.46. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. The company has a market cap of $21.24 billion, a P/E ratio of 20.38, a P/E/G ratio of 3.46 and a beta of 0.16.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. Eversource Energy had a net margin of 12.51% and a return on equity of 9.32%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. Sell-side analysts predict that Eversource Energy will post 3.26 EPS for the current fiscal year.

ES has been the topic of several analyst reports. ValuEngine upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Morgan Stanley raised their price target on shares of Eversource Energy from $63.00 to $67.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Barclays initiated coverage on shares of Eversource Energy in a research note on Monday, October 22nd. They issued a “hold” rating and a $64.00 price target on the stock. Citigroup raised their price target on shares of Eversource Energy from $59.00 to $63.00 and gave the company a “hold” rating in a research note on Tuesday, September 25th. Finally, Bank of America upgraded shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $59.00 price objective on the stock in a research note on Friday, August 3rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.82.

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Eversource Energy Company 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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