Bensler LLC Purchases Shares of 5,568 Eversource Energy (NYSE:ES)

Bensler LLC purchased a new stake in shares of Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,568 shares of the utilities provider's stock, valued at approximately $316,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Eversource Energy by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,650,143 shares of the utilities provider's stock valued at $448,567,000 after purchasing an additional 353,171 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Eversource Energy by 65.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,868,360 shares of the utilities provider's stock worth $227,929,000 after acquiring an additional 1,524,341 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Eversource Energy by 12.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider's stock worth $177,823,000 after acquiring an additional 354,429 shares in the last quarter. Magellan Asset Management Ltd grew its holdings in shares of Eversource Energy by 5.4% in the 4th quarter. Magellan Asset Management Ltd now owns 3,067,091 shares of the utilities provider's stock worth $189,301,000 after acquiring an additional 156,534 shares during the last quarter. Finally, ClearBridge Investments Ltd acquired a new stake in shares of Eversource Energy during the first quarter worth $156,093,000. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Performance

Shares of ES stock traded down $0.53 during trading on Tuesday, reaching $66.44. The company had a trading volume of 1,522,546 shares, compared to its average volume of 2,521,507. The firm's 50 day simple moving average is $61.86 and its two-hundred day simple moving average is $60.06. Eversource Energy has a one year low of $52.03 and a one year 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. The company has a market capitalization of $23.40 billion, a PE ratio of -56.31, a PEG ratio of 2.53 and a beta of 0.59.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ES. Scotiabank increased their price target on Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Barclays boosted their price target on shares of Eversource Energy from $65.00 to $69.00 and gave the company an "equal weight" rating in a report on Monday, July 22nd. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 27th. Morgan Stanley lifted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Bank of America upgraded Eversource Energy from an "underperform" rating to a "neutral" rating and set a $61.00 target price for the company in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $68.43.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 815 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the transaction, the executive vice president now owns 9,847 shares of the company's stock, valued at $639,464.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the sale, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. The disclosure for this sale can be found here. Insiders have sold 14,015 shares of company stock valued at $806,478 in the last 90 days. 0.41% of the stock is currently owned by insiders.

Eversource Energy Company 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.

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