D.A. Davidson & CO. reduced its stake in Eversource Energy (NYSE:ES) by 31.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,498 shares of the utilities provider’s stock after selling 7,575 shares during the quarter. D.A. Davidson & CO.’s holdings in Eversource Energy were worth $997,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Icon Advisers Inc. Co. raised its holdings in Eversource Energy by 16.7% in the 3rd quarter. Icon Advisers Inc. Co. now owns 53,900 shares of the utilities provider’s stock valued at $3,258,000 after acquiring an additional 7,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Eversource Energy by 3.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,738 shares of the utilities provider’s stock worth $4,034,000 after purchasing an additional 1,964 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Eversource Energy by 63.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,891 shares of the utilities provider’s stock worth $1,081,000 after purchasing an additional 6,940 shares during the period. Roosevelt Investment Group Inc. bought a new position in shares of Eversource Energy during the third quarter worth approximately $304,000. Finally, Cipher Capital LP bought a new position in shares of Eversource Energy during the third quarter worth approximately $2,739,000. 72.33% of the stock is currently owned by hedge funds and other institutional investors.

ES has been the topic of several recent research reports. Deutsche Bank AG cut shares of Eversource Energy from a “buy” rating to a “hold” rating and raised their target price for the stock from $61.00 to $61.50 in a report on Monday, July 31st. Janney Montgomery Scott set a $71.00 target price on shares of Eversource Energy and gave the stock a “buy” rating in a report on Monday, July 31st. Morgan Stanley raised their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Credit Suisse Group raised their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $64.06.

Shares of Eversource Energy (NYSE ES) traded up $0.52 during trading hours on Monday, reaching $64.33. 621,400 shares of the company were exchanged, compared to its average volume of 1,410,043. The company has a market capitalization of $20,385.28, a PE ratio of 20.89, a price-to-earnings-growth ratio of 3.45 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. Eversource Energy has a fifty-two week low of $50.56 and a fifty-two week high of $66.15.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.06 billion. Eversource Energy had a net margin of 13.19% and a return on equity of 9.54%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. sell-side analysts predict that Eversource Energy will post 3.15 EPS for the current fiscal year.

In related news, COO Werner J. Schweiger sold 10,098 shares of Eversource Energy stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $64.68, for a total value of $653,138.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

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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)

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