Eversource Energy (NYSE:ES) was the recipient of some unusual options trading activity on Thursday. Traders acquired 3,495 call options on the company. This represents an increase of 3,618% compared to the typical daily volume of 94 call options.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Andra AP fonden boosted its position in shares of Eversource Energy by 6.0% during the 2nd quarter. Andra AP fonden now owns 67,300 shares of the utilities provider’s stock worth $3,944,000 after purchasing an additional 3,800 shares in the last quarter. Tiedemann Advisors LLC boosted its position in shares of Eversource Energy by 159.7% during the 2nd quarter. Tiedemann Advisors LLC now owns 52,580 shares of the utilities provider’s stock worth $3,082,000 after purchasing an additional 32,330 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Eversource Energy during the 2nd quarter worth $3,522,000. Advisors Asset Management Inc. boosted its position in shares of Eversource Energy by 9,315.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,270,856 shares of the utilities provider’s stock worth $955,000 after purchasing an additional 1,257,359 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Eversource Energy by 24.2% during the 2nd quarter. California Public Employees Retirement System now owns 972,860 shares of the utilities provider’s stock worth $57,019,000 after purchasing an additional 189,749 shares in the last quarter. Institutional investors own 74.41% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Credit Suisse Group lowered their price objective on shares of Eversource Energy from $61.00 to $58.00 and set an “underperform” rating on the stock in a research report on Thursday, May 24th. Morgan Stanley lifted their price objective on shares of Eversource Energy from $59.00 to $63.00 and gave the company a “hold” rating in a research report on Monday, July 16th. ValuEngine upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Finally, Wolfe Research upgraded shares of Eversource Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, June 25th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.30.

NYSE:ES opened at $63.24 on Friday. The firm has a market capitalization of $19.44 billion, a P/E ratio of 20.33, a PEG ratio of 3.18 and a beta of 0.30. Eversource Energy has a 1-year low of $52.76 and a 1-year high of $66.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.60 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, July 31st. The utilities provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Eversource Energy had a net margin of 12.59% and a return on equity of 9.07%. analysts forecast that Eversource Energy will post 3.25 earnings per share for the current fiscal year.

About Eversource Energy

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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