Bp Plc held its position in Eversource Energy (NYSE:ES) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the utilities provider’s stock at the end of the second quarter. Bp Plc’s holdings in Eversource Energy were worth $2,428,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ES. Quadrant Capital Group LLC boosted its stake in shares of Eversource Energy by 5.0% in the first quarter. Quadrant Capital Group LLC now owns 2,999 shares of the utilities provider’s stock worth $170,000 after buying an additional 143 shares in the last quarter. National Pension Service boosted its stake in shares of Eversource Energy by 5.0% in the first quarter. National Pension Service now owns 281,316 shares of the utilities provider’s stock worth $16,491,000 after buying an additional 13,452 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Eversource Energy by 11.4% in the first quarter. Bank of Montreal Can now owns 482,160 shares of the utilities provider’s stock worth $28,342,000 after buying an additional 49,467 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Eversource Energy by 49.4% in the first quarter. Capstone Asset Management Co. now owns 47,744 shares of the utilities provider’s stock worth $2,806,000 after buying an additional 15,780 shares in the last quarter. Finally, Private Bank & Trust Co. boosted its stake in shares of Eversource Energy by 8.4% in the first quarter. Private Bank & Trust Co. now owns 4,154 shares of the utilities provider’s stock worth $244,000 after buying an additional 321 shares in the last quarter. 71.03% of the stock is owned by hedge funds and other institutional investors.

Shares of Eversource Energy (ES) opened at 62.22 on Friday. The company has a market cap of $19.72 billion, a PE ratio of 20.14 and a beta of 0.28. Eversource Energy has a 1-year low of $50.56 and a 1-year high of $63.34. The company has a 50-day moving average price of $60.98 and a 200-day moving average price of $59.55.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Equities research analysts expect that Eversource Energy will post $3.15 earnings per share for the current fiscal year.

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ES has been the topic of a number of analyst reports. Credit Suisse Group reiterated a “hold” rating and set a $59.00 price objective on shares of Eversource Energy in a research note on Tuesday, June 6th. Morgan Stanley upped their price objective on Eversource Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. Janney Montgomery Scott set a $71.00 price objective on Eversource Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, June 13th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $66.00 price objective (up previously from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $62.95.

In other Eversource Energy news, VP Werner J. Schweiger sold 36,736 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $62.00, for a total value of $2,277,632.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by insiders.

About Eversource Energy

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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