Bensler LLC Invests $316,000 in Eversource Energy (NYSE:ES)

Bensler LLC acquired a new position in Eversource Energy (NYSE:ES) during the second quarter, HoldingsChannel.com reports. The fund acquired 5,568 shares of the utilities provider’s stock, valued at approximately $316,000.

Several other institutional investors have also added to or reduced their stakes in ES. International Assets Investment Management LLC bought a new position in shares of Eversource Energy during the 4th quarter worth approximately $98,360,000. GAMMA Investing LLC acquired a new stake in Eversource Energy in the fourth quarter worth $85,000. Tokio Marine Asset Management Co. Ltd. increased its stake in Eversource Energy by 8.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,721 shares of the utilities provider’s stock valued at $538,000 after purchasing an additional 655 shares in the last quarter. Syon Capital LLC acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $467,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Eversource Energy by 94.6% during the 4th quarter. Russell Investments Group Ltd. now owns 570,190 shares of the utilities provider’s stock worth $35,196,000 after purchasing an additional 277,132 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insider Activity

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

Eversource Energy Stock Performance

NYSE ES traded down $0.53 during trading hours on Tuesday, reaching $66.44. 1,522,546 shares of the company were exchanged, compared to its average volume of 2,521,507. The stock has a market capitalization of $23.40 billion, a P/E ratio of -56.31, a P/E/G ratio of 2.53 and a beta of 0.59. The company has a quick ratio of 0.68, a current ratio of 0.77 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 business’s 50 day simple moving average is $61.86 and its 200-day simple moving average is $60.06.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned $1.00 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley boosted their target price on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday. Wells Fargo & Company upped their target price on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays lifted their price target on shares of Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. BMO Capital Markets lowered their price objective 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 lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.43.

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.