Banque Cantonale Vaudoise Cuts Holdings in Eversource Energy (NYSE:ES)

Banque Cantonale Vaudoise reduced its holdings in Eversource Energy (NYSE:ES - Free Report) by 47.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,608 shares of the utilities provider's stock after selling 27,173 shares during the quarter. Banque Cantonale Vaudoise's holdings in Eversource Energy were worth $1,680,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Eversource Energy by 24.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider's stock valued at $4,232,000 after buying an additional 13,950 shares during the period. Great Oak Capital Partners LLC acquired a new position in shares of Eversource Energy during the fourth quarter worth approximately $1,047,000. Cibc World Markets Corp lifted its holdings in shares of Eversource Energy by 133.3% in the 4th quarter. Cibc World Markets Corp now owns 44,955 shares of the utilities provider's stock worth $2,775,000 after purchasing an additional 25,688 shares in the last quarter. Ethic Inc. grew its position in Eversource Energy by 23.1% in the 4th quarter. Ethic Inc. now owns 164,721 shares of the utilities provider's stock valued at $10,167,000 after purchasing an additional 30,890 shares during the period. Finally, AGF Management Ltd. grew its position in Eversource Energy by 53.9% in the 4th quarter. AGF Management Ltd. now owns 38,510 shares of the utilities provider's stock valued at $2,377,000 after purchasing an additional 13,493 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Price Performance

NYSE:ES traded up $0.87 during trading hours on Friday, hitting $67.53. 3,607,831 shares of the company's stock traded hands, compared to its average volume of 2,255,341. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $68.72. The business's fifty day simple moving average is $62.59 and its two-hundred day simple moving average is $60.35. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. The firm has a market cap of $24.13 billion, a P/E ratio of -57.23, a P/E/G ratio of 2.58 and a beta of 0.59.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.90 billion. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The company's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. On average, research analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Eversource Energy

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Barclays increased their price objective on Eversource Energy from $65.00 to $69.00 and gave the company an "equal weight" rating in a report on Monday, July 22nd. Bank of America increased their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday. BMO Capital Markets lowered their price target on shares of Eversource Energy from $73.00 to $70.00 and set a "market perform" rating on the stock in a research report on Monday, August 19th. Finally, StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Eversource Energy currently has an average rating of "Hold" and an average price target of $68.93.

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.