nVerses Capital LLC Takes $482,000 Position in Eversource Energy (NYSE:ES)

nVerses Capital LLC acquired a new stake in Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,500 shares of the utilities provider's stock, valued at approximately $482,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ClearBridge Investments Ltd acquired a new position in Eversource Energy in the first quarter valued at approximately $156,093,000. Norges Bank purchased a new position in shares of Eversource Energy in the 4th quarter valued at $149,906,000. Zimmer Partners LP grew its position in shares of Eversource Energy by 730.4% in the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider's stock valued at $151,642,000 after buying an additional 2,231,585 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in 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. Finally, M&G Plc purchased a new stake in Eversource Energy in the first quarter valued at $83,539,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company raised their price objective on Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Barclays raised their price target on Eversource Energy from $65.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Monday, July 22nd. Scotiabank increased their price objective on Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. BMO Capital Markets cut their target price on shares of Eversource Energy from $73.00 to $70.00 and set a "market perform" rating on the stock in a report on Monday, August 19th. Finally, StockNews.com cut shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of "Hold" and a consensus target price of $68.93.

Eversource Energy Price Performance

Shares of NYSE:ES traded up $0.87 on Friday, reaching $67.53. 3,607,831 shares of the company were exchanged, compared to its average volume of 2,512,578. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $68.72. The company has a 50-day moving average of $62.59 and a 200-day moving average of $60.31. The firm has a market cap of $23.79 billion, a price-to-earnings ratio of -57.23, a price-to-earnings-growth ratio of 2.53 and a beta of 0.59.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.95. The company had revenue of $2.53 billion during 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 firm's quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. Equities analysts forecast that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Penelope M. Conner sold 815 shares of the company'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 value of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares of the company's stock, valued at approximately $591,596. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Penelope M. Conner sold 500 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares of the company's stock, valued at approximately $639,464.18. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

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.