Signition LP purchased a new stake in shares of Eversource Energy (NYSE:ES) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,839 shares of the utilities provider’s stock, valued at approximately $342,000.

Several other hedge funds have also recently made changes to their positions in ES. BlackRock Inc. boosted its position in shares of Eversource Energy by 4.1% during the 1st quarter. BlackRock Inc. now owns 26,232,482 shares of the utilities provider’s stock valued at $1,545,618,000 after acquiring an additional 1,031,761 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Eversource Energy during the 2nd quarter valued at about $48,499,000. American Century Companies Inc. boosted its position in shares of Eversource Energy by 22.5% during the 1st quarter. American Century Companies Inc. now owns 3,160,329 shares of the utilities provider’s stock valued at $186,207,000 after acquiring an additional 579,827 shares during the last quarter. Zimmer Partners LP acquired a new position in shares of Eversource Energy during the 1st quarter valued at about $24,305,000. Finally, Thomaspartners Inc. boosted its position in shares of Eversource Energy by 4.5% during the 1st quarter. Thomaspartners Inc. now owns 4,471,212 shares of the utilities provider’s stock valued at $263,444,000 after acquiring an additional 191,651 shares during the last quarter. 74.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ES opened at $61.35 on Friday. The stock has a market capitalization of $19.37 billion, a P/E ratio of 19.23, a P/E/G ratio of 3.17 and a beta of 0.30. Eversource Energy has a 12-month low of $52.76 and a 12-month 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 quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The firm 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 expect that Eversource Energy will post 3.25 earnings per share for the current year.

Several research analysts have recently weighed in on ES shares. Morgan Stanley boosted their price target on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Monday, April 16th. Citigroup upgraded shares of Eversource Energy from a “sell” rating to a “neutral” rating and set a $59.00 price objective on the stock in a report on Tuesday, May 1st. Credit Suisse Group boosted their price objective on shares of Eversource Energy from $59.00 to $61.00 and gave the company an “underperform” rating in a report on Friday, May 4th. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Finally, ValuEngine lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Eversource Energy currently has a consensus rating of “Buy” and a consensus price target of $62.30.

In other Eversource Energy news, EVP Joseph R. Nolan, Jr. sold 6,282 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $57.03, for a total transaction of $358,262.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christine M. Carmody sold 21,500 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $57.79, for a total transaction of $1,242,485.00. The disclosure for this sale can be found here. Insiders have sold 28,117 shares of company stock worth $1,619,856 over the last quarter. Insiders own 0.53% of the company’s stock.

Eversource Energy Profile

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.

Read More: Market Capitalization and Individual Investors

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).

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 MarketBeat.com's FREE daily email newsletter.