Citigroup Inc. Buys 3,895 Shares of Eversource Energy (NYSE:ES)

Citigroup Inc. boosted its holdings in Eversource Energy (NYSE:ES) by 1.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 299,292 shares of the utilities provider’s stock after buying an additional 3,895 shares during the period. Citigroup Inc. owned 0.09% of Eversource Energy worth $23,423,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Delta Asset Management LLC TN purchased a new stake in Eversource Energy in the 4th quarter worth $25,000. Lakewood Asset Management LLC purchased a new position in shares of Eversource Energy during the fourth quarter valued at about $25,000. New Hampshire Trust purchased a new position in shares of Eversource Energy during the fourth quarter valued at about $27,000. Resurgent Financial Advisors LLC purchased a new position in shares of Eversource Energy during the fourth quarter valued at about $27,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Eversource Energy during the first quarter valued at about $29,000. Hedge funds and other institutional investors own 80.83% of the company’s stock.

Insider Activity

In other news, VP Gregory B. Butler sold 15,000 shares of Eversource Energy stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $64.25, for a total transaction of $963,750.00. Following the completion of the sale, the vice president now owns 63,554 shares of the company’s stock, valued at $4,083,344.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ES. UBS Group lowered their price target on shares of Eversource Energy from $81.00 to $75.00 in a report on Friday, May 26th. Citigroup lowered their price target on shares of Eversource Energy from $86.00 to $80.00 in a report on Sunday, July 16th. Mizuho lowered their price target on shares of Eversource Energy from $79.00 to $73.00 in a report on Friday, July 28th. Morgan Stanley lowered their price target on shares of Eversource Energy from $81.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, August 23rd. Finally, StockNews.com began coverage on shares of Eversource Energy in a report on Thursday, August 17th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and an average price target of $81.33.

Eversource Energy Stock Up 1.9 %

Shares of NYSE ES opened at $65.17 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.64 and a quick ratio of 0.57. The company has a market cap of $22.75 billion, a P/E ratio of 19.34, a PEG ratio of 2.63 and a beta of 0.47. Eversource Energy has a 1 year low of $63.30 and a 1 year high of $92.97. The firm has a 50-day simple moving average of $69.58 and a two-hundred day simple moving average of $73.61.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Monday, July 31st. The utilities provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.09. Eversource Energy had a net margin of 9.28% and a return on equity of 9.78%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Research analysts anticipate that Eversource Energy will post 4.36 earnings per share for the current year.

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.