Eversource Energy (NYSE:ES) Shares Sold by LVW Advisors LLC

LVW Advisors LLC reduced its position in Eversource Energy (NYSE:ES) by 33.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,398 shares of the utilities provider’s stock after selling 2,654 shares during the quarter. LVW Advisors LLC’s holdings in Eversource Energy were worth $306,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. ClearBridge Investments Ltd acquired a new position in Eversource Energy during the first quarter worth approximately $156,093,000. Norges Bank acquired a new position in shares of Eversource Energy in the fourth quarter valued at approximately $149,906,000. Zimmer Partners LP increased its holdings in shares of Eversource Energy by 730.4% in the first quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock valued at $151,642,000 after purchasing an additional 2,231,585 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Eversource Energy by 65.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,868,360 shares of the utilities provider’s stock valued at $227,929,000 after purchasing an additional 1,524,341 shares during the period. Finally, M&G Plc acquired a new position in shares of Eversource Energy in the first quarter valued at approximately $83,539,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Up 0.7 %

ES traded up $0.47 on Tuesday, reaching $65.34. The company’s stock had a trading volume of 795,805 shares, compared to its average volume of 2,528,188. The stock has a market cap of $23.02 billion, a price-to-earnings ratio of -54.99, a price-to-earnings-growth ratio of 2.53 and a beta of 0.59. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $68.72. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.77 and a quick ratio of 0.68. The business’s 50 day moving average is $60.43 and its 200 day moving average is $59.24.

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

Wall Street Analyst Weigh In

ES has been the topic of a number of research analyst reports. Morgan Stanley decreased their target price on Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. StockNews.com downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Wells Fargo & Company upped their price objective on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. BMO Capital Markets upped their price objective on Eversource Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, Barclays increased their target price on 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 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.43.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total value of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares in the company, valued at approximately $3,586,009.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Penelope M. Conner sold 2,700 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the sale, the executive vice president now owns 10,272 shares of the company’s stock, valued at $603,480. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares of the company’s stock, valued at approximately $3,586,009.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

About Eversource Energy

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.