Eversource Energy (NYSE:ES) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Eversource Energy (NYSE:ES) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,858 shares of the utilities provider’s stock after acquiring an additional 7,560 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Eversource Energy worth $16,098,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Salem Investment Counselors Inc. grew its holdings in shares of Eversource Energy by 49.7% in the first quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. Bar Harbor Wealth Management lifted its stake in Eversource Energy by 4.1% in the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock worth $271,000 after acquiring an additional 190 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Eversource Energy by 2.5% in the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock worth $475,000 after acquiring an additional 192 shares during the last quarter. Presima Securities ULC lifted its stake in Eversource Energy by 1.5% in the fourth quarter. Presima Securities ULC now owns 13,730 shares of the utilities provider’s stock worth $847,000 after acquiring an additional 200 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Eversource Energy by 62.6% in the first quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 201 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on ES shares. Morgan Stanley lifted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America boosted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday. Scotiabank boosted their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Barclays boosted their price objective on shares of Eversource Energy from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $68.93.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the transaction, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE:ES traded up $0.26 on Friday, reaching $66.92. 430,557 shares of the company were exchanged, compared to its average volume of 2,493,665. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $68.72. The firm has a market cap of $23.57 billion, a price-to-earnings ratio of -56.86, a price-to-earnings-growth ratio of 2.53 and a beta of 0.59. The company has a 50-day moving average of $62.20 and a 200-day moving average of $60.18.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm earned $1.00 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.