LGT Group Foundation Acquires New Position in Eversource Energy (NYSE:ES)

LGT Group Foundation purchased a new stake in shares of Eversource Energy (NYSE:ES – Free Report ) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,585 shares of the utilities provider’s stock, valued at approximately $203,000.

Several other institutional investors have also recently bought and sold shares of ES. Salem Investment Counselors Inc. boosted its holdings in shares of Eversource Energy by 49.7% in the first quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Addison Advisors LLC boosted its holdings in shares of Eversource Energy by 27.4% during the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 185 shares during the last quarter. Bar Harbor Wealth Management boosted its holdings in shares of Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 190 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Eversource Energy by 2.5% in the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 192 shares in the last quarter. Finally, Presima Securities ULC boosted its holdings in shares of Eversource Energy by 1.5% during the 4th quarter. Presima Securities ULC now owns 13,730 shares of the utilities provider’s stock, valued at $847,000 after purchasing another 200 shares in the last quarter. 79.99% of shares are held by hedge funds and other institutional investors.

The Wall Street analyst weighs in

ES has been the subject of several recent analyst reports. Bank of America upped their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Morgan Stanley upped their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. BMO Capital Markets decreased their price objective on shares of Eversource Energy from $73.00 to $70.00 and set a “market perform” rating on the stock in a report on Monday, August 19th. Scotiabank lifted their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.93, based on data from MarketBeat.

Check out our latest report on Eversource Energy

Eversource Energy Price Performance

NYSE ES opened at $68.00 on Wednesday. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $69.01. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of -57.63, a PEG ratio of 2.58 and a beta of 0.61. The company’s 50-day moving average is $64.10, and its two-hundred-day moving average is $60.84. The company has a current ratio of 0.75, a quick ratio of 0.66, and a debt-to-equity ratio of 1.74.

Eversource Energy (NYSE:ES – Get Your Free Report ) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.90 billion. In the same quarter last year, the business earned $1.00 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.

Indoor activity

In other news, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now owns 9,032 shares of the company’s stock, valued at $591,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. In other news, EVP Penelope M. Conner sold 500 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the transaction, the executive vice president now owns 9,847 shares of the company’s stock, valued at $639,464.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Also, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s shares.

Eversource Energy Profile

(Free Report)

Eversource Energy, a public utility holding company, is engaged in the business of delivering energy. The company operates through the electric distribution, electric transmission, natural gas distribution and water distribution segments. It is involved in the transport and distribution of electricity; solar energy installations; and natural gas distribution.

Featured stories

Want to see what other hedge funds hold ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES – Free Report).

Get news and reviews for Eversource Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Eversource Energy and related companies with MarketBeat.com ‘s FREE daily email newsletter.