OneDigital Investment Advisors LLC acquired a new stake in Eversource Energy (NYSE:ES – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,734 shares of the utilities provider’s stock, valued at approximately $776,000.
A number of other hedge funds have also modified their holdings of the stock. Empowered Funds LLC lifted its position in shares of Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after buying an additional 1,319 shares during the period. Woodline Partners LP grew its position in Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after acquiring an additional 8,984 shares during the period. Acadian Asset Management LLC raised its stake in Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 801 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in Eversource Energy by 87.9% during the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after acquiring an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Eversource Energy by 4.6% during the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 349 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.
Eversource Energy Stock Performance
ES stock opened at $72.27 on Wednesday. The company has a 50 day moving average price of $72.55 and a 200 day moving average price of $70.94. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The stock has a market capitalization of $27.22 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70.
Insider Activity
In other news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on ES shares. Mizuho boosted their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wells Fargo & Company increased their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. Finally, Citigroup reaffirmed a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.92.
Get Our Latest Stock Report on Eversource Energy
About Eversource Energy
Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.
Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.
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