Edgestream Partners L.P. reduced its holdings in Eversource Energy (NYSE:ES) by 33.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,353 shares of the utilities provider’s stock after selling 3,180 shares during the quarter. Edgestream Partners L.P.’s holdings in Eversource Energy were worth $384,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of ES. Advisory Services Network LLC lifted its position in Eversource Energy by 1.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 32 shares during the last quarter. Sun Life Financial INC lifted its position in Eversource Energy by 23,040.0% in the 2nd quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 2,304 shares during the last quarter. NEXT Financial Group Inc lifted its position in Eversource Energy by 168.9% in the 2nd quarter. NEXT Financial Group Inc now owns 2,420 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 1,520 shares during the last quarter. WFG Advisors LP lifted its position in Eversource Energy by 127.8% in the 2nd quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Eversource Energy by 63.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock valued at $199,000 after purchasing an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Several analysts recently weighed in on ES shares. Zacks Investment Research downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the stock a “buy” rating in a research report on Monday, July 31st. Deutsche Bank AG downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating and boosted their price target for the stock from $61.00 to $61.50 in a research report on Monday, July 31st. Morgan Stanley boosted their price target on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Bank of America Corporation assumed coverage on shares of Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Eversource Energy currently has a consensus rating of “Hold” and an average target price of $64.06.

COPYRIGHT VIOLATION WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/edgestream-partners-l-p-sells-3180-shares-of-eversource-energy-es/1675407.html.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. Eversource Energy had a return on equity of 9.07% and a net margin of 12.84%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS.

Eversource Energy Company Profile

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.

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

Receive News & Ratings 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 Analyst Ratings Network's FREE daily email newsletter.