Nuveen LLC Invests $286.13 Million in Eversource Energy (NYSE:ES)

Nuveen LLC acquired a new position in Eversource Energy (NYSE:ESFree Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 4,606,824 shares of the utilities provider’s stock, valued at approximately $286,130,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Sterling Investment Counsel LLC raised its holdings in Eversource Energy by 4.9% in the 1st quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 190 shares during the last quarter. Ascent Group LLC raised its holdings in Eversource Energy by 1.2% in the 4th quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider’s stock worth $1,129,000 after acquiring an additional 230 shares during the last quarter. Advisor OS LLC raised its holdings in Eversource Energy by 4.2% in the 1st quarter. Advisor OS LLC now owns 5,694 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 232 shares during the last quarter. Cromwell Holdings LLC raised its holdings in Eversource Energy by 44.2% in the 1st quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 254 shares during the last quarter. Finally, First Manhattan CO. LLC. raised its holdings in Eversource Energy by 2.9% in the 4th quarter. First Manhattan CO. LLC. now owns 9,131 shares of the utilities provider’s stock worth $524,000 after acquiring an additional 255 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

Shares of ES opened at $65.04 on Monday. The firm has a market cap of $24.14 billion, a PE ratio of 27.91, a P/E/G ratio of 2.43 and a beta of 0.61. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. The firm has a fifty day simple moving average of $64.95 and a two-hundred day simple moving average of $61.97. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01.

Eversource Energy (NYSE:ESGet Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business earned $0.95 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a “market perform” rating in a report on Monday, April 28th. Wall Street Zen upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Mizuho boosted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Finally, Bank of America boosted their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.56.

View Our Latest Stock Analysis on Eversource Energy

Insider Activity at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of the sale, the executive vice president directly owned 10,988 shares in the company, valued at $703,232. This represents a 19.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.19% of the stock is owned by company insiders.

About Eversource Energy

(Free Report)

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:ESFree Report).

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.