Los Angeles Capital Management LLC Has $55.27 Million Stake in Eversource Energy (NYSE:ES)

Los Angeles Capital Management LLC lifted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 201.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 974,665 shares of the utilities provider's stock after acquiring an additional 651,263 shares during the quarter. Los Angeles Capital Management LLC owned 0.28% of Eversource Energy worth $55,273,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ES. Heritage Wealth Advisors acquired a new position in shares of Eversource Energy in the fourth quarter valued at approximately $25,000. Lynx Investment Advisory acquired a new stake in shares of Eversource Energy during the second quarter worth $25,000. Rise Advisors LLC purchased a new stake in shares of Eversource Energy in the first quarter valued at $27,000. Versant Capital Management Inc lifted its position in Eversource Energy by 62.6% during the first quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider's stock worth $31,000 after buying an additional 201 shares during the period. Finally, Salem Investment Counselors Inc. boosted its stake in Eversource Energy by 49.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider's stock worth $33,000 after buying an additional 181 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ES has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, August 23rd. Wells Fargo & Company boosted their price target on Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. BMO Capital Markets cut their price objective on Eversource Energy from $73.00 to $70.00 and set a "market perform" rating on the stock in a report on Monday, August 19th. StockNews.com lowered Eversource Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 27th. Finally, Bank of America increased their price target on Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. One research 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, Eversource Energy has an average rating of "Hold" and an average price target of $68.93.

Eversource Energy Price Performance

NYSE:ES traded down $0.65 on Friday, reaching $67.40. The stock had a trading volume of 1,104,569 shares, compared to its average volume of 2,486,525. The stock has a fifty day moving average price of $63.64 and a 200-day moving average price of $60.69. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $69.01. The company has a market capitalization of $23.74 billion, a P/E ratio of -57.12, a price-to-earnings-growth ratio of 2.58 and a beta of 0.59.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, meeting analysts' consensus estimates of $0.95. The business 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 firm's revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 earnings per share. Research analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Insider Transactions at Eversource Energy

In related news, EVP Penelope M. Conner sold 815 shares of the 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 completion of the transaction, the executive vice president now directly owns 9,032 shares of the company's stock, valued at $591,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Penelope M. Conner sold 815 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $591,596. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction dated 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 owns 9,847 shares of the company's stock, valued at approximately $639,464.18. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

About Eversource Energy

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.