Nisa Investment Advisors LLC Lowers Position in Eversource Energy (NYSE:ES)

Nisa Investment Advisors LLC decreased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 24.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,636 shares of the utilities provider's stock after selling 12,486 shares during the period. Nisa Investment Advisors LLC's holdings in Eversource Energy were worth $2,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in shares of Eversource Energy by 2.1% during the second quarter. Raymond James & Associates now owns 170,963 shares of the utilities provider's stock worth $9,695,000 after buying an additional 3,475 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of Eversource Energy by 9.7% during the second quarter. Brookstone Capital Management now owns 26,825 shares of the utilities provider's stock worth $1,651,000 after buying an additional 2,379 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Eversource Energy by 41.0% during the second quarter. Blue Trust Inc. now owns 998 shares of the utilities provider's stock worth $60,000 after buying an additional 290 shares in the last quarter. Mcdonald Partners LLC increased its holdings in shares of Eversource Energy by 4.0% during the second quarter. Mcdonald Partners LLC now owns 12,221 shares of the utilities provider's stock worth $693,000 after buying an additional 465 shares in the last quarter. Finally, Bar Harbor Wealth Management increased its holdings in shares of Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider's stock worth $271,000 after buying an additional 190 shares in the last quarter. Institutional investors own 79.99% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ES shares. StockNews.com lowered shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 27th. BMO Capital Markets lowered their price target on shares of Eversource Energy from $73.00 to $70.00 and set a "market perform" rating for the company in a report on Monday. Bank of America raised shares of Eversource Energy from an "underperform" rating to a "neutral" rating and set a $61.00 price target for the company in a report on Tuesday, June 25th. Wells Fargo & Company raised their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Finally, Morgan Stanley lowered their price target on shares of Eversource Energy from $70.00 to $67.00 and set an "equal weight" rating for the company in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of "Hold" and an average price target of $67.86.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares in the company, valued at approximately $3,586,009.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Penelope M. Conner sold 2,700 shares of the business's stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the transaction, the executive vice president now directly owns 10,272 shares in the company, valued at approximately $603,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory B. Butler sold 10,000 shares of the business's stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the transaction, the vice president now owns 63,808 shares in the company, valued at $3,586,009.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,015 shares of company stock worth $806,478. Insiders own 0.41% of the company's stock.

Eversource Energy Trading Up 0.9 %

Shares of NYSE ES traded up $0.61 during midday trading on Thursday, reaching $67.14. 2,481,469 shares of the stock were exchanged, compared to its average volume of 2,540,242. The business has a 50-day simple moving average of $61.51 and a two-hundred day simple moving average of $59.79. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of -56.90, a P/E/G ratio of 2.53 and a beta of 0.59. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $68.72. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.77 and a quick ratio of 0.68.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, hitting analysts' consensus estimates of $0.95. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.90 billion. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The business's quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. As a group, equities research analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy 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.