Anchor Capital Advisors LLC Lowers Stock Position in Eversource Energy (NYSE:ES)

Anchor Capital Advisors LLC decreased its holdings in Eversource Energy (NYSE:ES) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 784,860 shares of the utilities provider’s stock after selling 19,390 shares during the quarter. Eversource Energy comprises 1.3% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Anchor Capital Advisors LLC owned 0.22% of Eversource Energy worth $44,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Eversource Energy by 24.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider’s stock valued at $4,232,000 after purchasing an additional 13,950 shares during the last quarter. Banque Cantonale Vaudoise grew its position in Eversource Energy by 38.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 56,781 shares of the utilities provider’s stock valued at $3,394,000 after buying an additional 15,714 shares during the last quarter. Great Oak Capital Partners LLC acquired a new position in Eversource Energy in the 4th quarter valued at $1,047,000. Cibc World Markets Corp raised its position in Eversource Energy by 133.3% during the 4th quarter. Cibc World Markets Corp now owns 44,955 shares of the utilities provider’s stock worth $2,775,000 after buying an additional 25,688 shares during the last quarter. Finally, Ethic Inc. raised its position in Eversource Energy by 23.1% during the 4th quarter. Ethic Inc. now owns 164,721 shares of the utilities provider’s stock worth $10,167,000 after buying an additional 30,890 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Eversource Energy from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. Bank of America boosted their target price on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. StockNews.com cut Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Wells Fargo & Company upped their price objective on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Scotiabank raised their target price on Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.93.

Insider Transactions at Eversource Energy

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

Eversource Energy Stock Performance

NYSE:ES opened at $67.40 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $23.74 billion, a P/E ratio of -57.12, a price-to-earnings-growth ratio of 2.58 and a beta of 0.59. The firm has a 50-day moving average price of $63.64 and a two-hundred day moving average price of $60.69. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company posted $1.00 EPS. The company’s revenue was down 3.7% on a year-over-year basis. As a group, research analysts expect 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.