Oppenheimer Asset Management Inc. Has $538,000 Stake in Eversource Energy (NYSE:ES)

Oppenheimer Asset Management Inc. increased its stake in shares of Eversource Energy (NYSE:ESGet Rating) by 3.1% during the first quarter, HoldingsChannel reports. The fund owned 6,108 shares of the utilities provider’s stock after buying an additional 184 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Eversource Energy were worth $538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategy Asset Managers LLC acquired a new stake in Eversource Energy in the 1st quarter valued at $264,000. Brown Advisory Inc. increased its stake in Eversource Energy by 35.4% in the 1st quarter. Brown Advisory Inc. now owns 3,952 shares of the utilities provider’s stock valued at $349,000 after buying an additional 1,034 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Eversource Energy by 19.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,318 shares of the utilities provider’s stock valued at $116,000 after buying an additional 215 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Eversource Energy by 118.7% in the 1st quarter. Teacher Retirement System of Texas now owns 206,454 shares of the utilities provider’s stock valued at $18,207,000 after buying an additional 112,041 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Eversource Energy by 3.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 26,477 shares of the utilities provider’s stock valued at $2,335,000 after buying an additional 790 shares during the last quarter. 78.40% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

Shares of ES stock opened at $89.55 on Monday. The company has a market capitalization of $31.02 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 3.57 and a beta of 0.45. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.77. The company has a 50-day simple moving average of $87.71 and a 200 day simple moving average of $87.44. Eversource Energy has a 52 week low of $77.07 and a 52 week high of $94.63.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ES. Evercore ISI lowered their price target on shares of Eversource Energy to $91.00 in a research note on Tuesday, August 9th. Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $92.00 to $97.00 in a research note on Friday, July 8th. Wolfe Research upgraded shares of Eversource Energy from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective on the stock in a research note on Monday, August 1st. Mizuho boosted their price objective on shares of Eversource Energy from $91.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 10th. Finally, Morgan Stanley boosted their price objective on shares of Eversource Energy from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $91.82.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 5,000 shares of Eversource Energy stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $91.33, for a total transaction of $456,650.00. Following the completion of the sale, the vice president now owns 71,814 shares of the company’s stock, valued at approximately $6,558,772.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is currently owned by insiders.

About Eversource Energy

(Get Rating)

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.

Further Reading

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:ESGet Rating).

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.