Braun Bostich & Associates Inc. raised its stake in Eversource Energy (NYSE:ES) by 1,308.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,859 shares of the utilities provider’s stock after purchasing an additional 1,727 shares during the period. Braun Bostich & Associates Inc.’s holdings in Eversource Energy were worth $109,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ES. Signaturefd LLC acquired a new position in shares of Eversource Energy in the first quarter valued at $106,000. Centaurus Financial Inc. acquired a new position in shares of Eversource Energy in the first quarter valued at $119,000. Optimum Investment Advisors acquired a new position in shares of Eversource Energy in the first quarter valued at $143,000. Synovus Financial Corp increased its holdings in shares of Eversource Energy by 205.3% in the second quarter. Synovus Financial Corp now owns 2,650 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 1,782 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. acquired a new position in shares of Eversource Energy in the first quarter valued at $173,000. Hedge funds and other institutional investors own 75.17% of the company’s stock.

Several equities analysts have commented on ES shares. Morgan Stanley decreased their price objective on shares of Eversource Energy from $62.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. Wolfe Research upgraded shares of Eversource Energy from a “market perform” rating to an “outperform” rating in a report on Monday, June 25th. They noted that the move was a valuation call. Credit Suisse Group upgraded shares of Eversource Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $58.00 to $62.00 in a report on Monday, July 9th. ValuEngine raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Finally, Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $62.30.

Shares of Eversource Energy stock opened at $61.84 on Wednesday. The stock has a market capitalization of $19.89 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 3.25 and a beta of 0.30. Eversource Energy has a 52-week low of $52.76 and a 52-week high of $66.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.65 and a quick ratio of 0.60.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, July 31st. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Eversource Energy had a net margin of 12.59% and a return on equity of 9.07%. analysts anticipate that Eversource Energy will post 3.25 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 in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

Further Reading: Growth Stocks, What They Are, What They Are Not

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:ES).

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.