Eversource Energy (ES) Position Reduced by Chevy Chase Trust Holdings Inc.

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Chevy Chase Trust Holdings Inc. lessened its stake in Eversource Energy (NYSE:ES) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 266,542 shares of the utilities provider’s stock after selling 1,236 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in Eversource Energy were worth $15,622,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ES. Jane Street Group LLC purchased a new position in Eversource Energy in the 4th quarter worth about $287,000. OLD Dominion Capital Management Inc. increased its position in Eversource Energy by 145.4% during the 1st quarter. OLD Dominion Capital Management Inc. now owns 10,885 shares of the utilities provider’s stock valued at $641,000 after purchasing an additional 6,450 shares during the period. Dupont Capital Management Corp increased its position in Eversource Energy by 5.5% during the 1st quarter. Dupont Capital Management Corp now owns 35,487 shares of the utilities provider’s stock valued at $2,091,000 after purchasing an additional 1,840 shares during the period. Thomaspartners Inc. increased its position in 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 purchasing an additional 191,651 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in Eversource Energy by 2.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 195,980 shares of the utilities provider’s stock valued at $11,547,000 after purchasing an additional 4,406 shares during the period. 74.01% of the stock is currently owned by institutional investors.

In other news, EVP Christine M. Carmody sold 21,500 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $57.79, for a total value of $1,242,485.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph R. Nolan, Jr. sold 6,282 shares of the firm’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 disclosure for this sale can be found here. Insiders sold a total of 28,117 shares of company stock worth $1,619,856 over the last 90 days. Company insiders own 0.53% of the company’s stock.

ES has been the topic of a number of research reports. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Morgan Stanley raised their target price 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. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd. Credit Suisse Group raised their target price on shares of Eversource Energy from $59.00 to $61.00 and gave the company an “underperform” rating in a research report on Friday, May 4th. Finally, ValuEngine downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $62.30.

NYSE:ES opened at $61.14 on Friday. Eversource Energy has a fifty-two week low of $52.76 and a fifty-two week high of $66.15. The stock has a market capitalization of $19.33 billion, a PE ratio of 19.18, a PEG ratio of 3.16 and a beta of 0.30. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 1.07.

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

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.

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

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