Raymond James Financial Services Advisors Inc. increased its stake in Eversource Energy (NYSE:ES) by 7.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,084 shares of the utilities provider’s stock after acquiring an additional 3,998 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Eversource Energy were worth $3,692,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ES. US Bancorp DE raised its stake in Eversource Energy by 0.3% in the second quarter. US Bancorp DE now owns 82,235 shares of the utilities provider’s stock worth $4,993,000 after buying an additional 254 shares in the last quarter. Huntington National Bank raised its stake in Eversource Energy by 3.1% in the second quarter. Huntington National Bank now owns 4,994 shares of the utilities provider’s stock worth $303,000 after buying an additional 151 shares in the last quarter. Personal Capital Advisors Corp raised its stake in Eversource Energy by 0.4% in the second quarter. Personal Capital Advisors Corp now owns 484,382 shares of the utilities provider’s stock worth $29,407,000 after buying an additional 2,107 shares in the last quarter. Hartford Investment Management Co. raised its stake in Eversource Energy by 5.8% in the second quarter. Hartford Investment Management Co. now owns 89,805 shares of the utilities provider’s stock worth $5,452,000 after buying an additional 4,894 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in Eversource Energy by 0.3% in the second quarter. Shell Asset Management Co. now owns 29,590 shares of the utilities provider’s stock worth $1,796,000 after buying an additional 100 shares in the last quarter. Institutional investors own 72.33% of the company’s stock.

In related news, COO Werner J. Schweiger sold 10,098 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $64.68, for a total transaction of $653,138.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Deutsche Bank AG cut shares of Eversource Energy from a “buy” rating to a “hold” rating and increased their price target for the company 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 upgraded 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 given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $64.06.

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Shares of Eversource Energy (ES) traded down $0.12 during midday trading on Friday, reaching $63.81. 1,466,000 shares of the company’s stock were exchanged, compared to its average volume of 1,413,533. Eversource Energy has a one year low of $50.56 and a one year high of $66.15. The company has a market cap of $20,220.48, a P/E ratio of 20.72, a P/E/G ratio of 3.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. Eversource Energy’s revenue for the quarter was down 2.5% on a year-over-year basis. equities analysts anticipate that Eversource Energy will post 3.15 earnings per share for the current fiscal year.

Eversource Energy 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.

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

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