Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Eversource Energy (NYSE:ES) by 32.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,863 shares of the utilities provider’s stock after acquiring an additional 29,557 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Eversource Energy were worth $7,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ES. Bank of New York Mellon Corp raised its holdings in Eversource Energy by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 15,936,793 shares of the utilities provider’s stock worth $963,220,000 after buying an additional 516,965 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Eversource Energy by 430.0% during the third quarter. Teacher Retirement System of Texas now owns 17,486 shares of the utilities provider’s stock worth $1,057,000 after buying an additional 14,187 shares during the last quarter. Rhumbline Advisers raised its holdings in Eversource Energy by 1.6% during the third quarter. Rhumbline Advisers now owns 585,180 shares of the utilities provider’s stock worth $35,368,000 after buying an additional 9,137 shares during the last quarter. Advisor Group Inc. raised its holdings in Eversource Energy by 12.3% during the third quarter. Advisor Group Inc. now owns 13,177 shares of the utilities provider’s stock worth $795,000 after buying an additional 1,441 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in Eversource Energy by 12.0% during the third quarter. Toronto Dominion Bank now owns 120,202 shares of the utilities provider’s stock worth $7,265,000 after buying an additional 12,853 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Eversource Energy (NYSE ES) traded down $0.81 during mid-day trading on Thursday, hitting $65.00. 1,608,300 shares of the stock traded hands, compared to its average volume of 1,411,424. The stock has a market capitalization of $20,854.25, a P/E ratio of 21.37, a P/E/G ratio of 3.53 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Eversource Energy has a 52 week low of $50.56 and a 52 week high of $66.15.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. Eversource Energy’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. equities research analysts predict that Eversource Energy will post 3.15 earnings per share for the current year.

In related news, COO Werner J. Schweiger sold 10,098 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $64.68, for a total transaction of $653,138.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on ES. Zacks Investment Research downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Morgan Stanley upped their price objective on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Bank of America Corporation began coverage on shares of Eversource Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price objective on the stock. Williams Capital upped their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Credit Suisse Group increased their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Eversource Energy has a consensus rating of “Hold” and an average price target of $64.06.

Eversource Energy Profile

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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