Graypoint LLC Acquires 230 Shares of Eversource Energy (NYSE:ES)

Graypoint LLC lifted its holdings in shares of Eversource Energy (NYSE:ES) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,740 shares of the utilities provider’s stock after acquiring an additional 230 shares during the quarter. Graypoint LLC’s holdings in Eversource Energy were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heritage Wealth Advisors bought a new position in Eversource Energy in the 4th quarter worth $25,000. Lynx Investment Advisory purchased a new stake in Eversource Energy in the second quarter worth about $25,000. Rise Advisors LLC purchased a new stake in Eversource Energy in the first quarter worth about $27,000. Versant Capital Management Inc boosted its position in Eversource Energy by 62.6% during the 1st quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 201 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its holdings in shares of Eversource Energy by 49.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 181 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

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

Eversource Energy Trading Up 1.3 %

NYSE:ES opened at $67.53 on Tuesday. The stock has a market cap of $24.13 billion, a price-to-earnings ratio of -57.23, a PEG ratio of 2.58 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. The company’s 50 day moving average price is $62.78 and its 200-day moving average price is $60.44. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $68.72.

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

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the business’s 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 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 legal filing with the SEC, which is available through this link. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 of the company’s stock, valued at approximately $591,596. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Penelope M. Conner sold 500 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares of the company’s stock, valued at $639,464.18. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Company 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.