JB Capital LLC Has $1.13 Million Stake in Eversource Energy (NYSE:ES)

JB Capital LLC cut its position in Eversource Energy (NYSE:ES) by 7.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,959 shares of the utilities provider’s stock after selling 1,563 shares during the period. JB Capital LLC’s holdings in Eversource Energy were worth $1,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ES. My Legacy Advisors LLC acquired a new stake in Eversource Energy during the 2nd quarter worth approximately $616,000. &PARTNERS bought a new stake in shares of Eversource Energy in the second quarter worth $2,126,000. Cultivar Capital Inc. acquired a new stake in Eversource Energy in the second quarter valued at $131,000. PSI Advisors LLC raised its position in Eversource Energy by 110.3% during the 2nd quarter. PSI Advisors LLC now owns 1,489 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 781 shares during the last quarter. Finally, Rockland Trust Co. lifted its holdings in Eversource Energy by 1.5% during the 2nd quarter. Rockland Trust Co. now owns 13,777 shares of the utilities provider’s stock worth $781,000 after buying an additional 210 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Down 0.5 %

Shares of ES traded down $0.36 on Friday, reaching $66.78. The company’s stock had a trading volume of 1,485,963 shares, compared to its average volume of 2,533,774. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $68.72. The stock has a market capitalization of $23.52 billion, a PE ratio of -56.49, a PEG ratio of 2.53 and a beta of 0.59. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71. The firm has a fifty day moving average of $61.51 and a 200-day moving average of $59.79.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting the consensus estimate 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 quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. Equities analysts predict that Eversource Energy will post 4.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ES shares. Bank of America upgraded Eversource Energy from an “underperform” rating to a “neutral” rating and set a $61.00 target price on the stock in a report on Tuesday, June 25th. Scotiabank boosted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a report on Tuesday. Wells Fargo & Company increased their price target on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley boosted their price objective on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Barclays raised their target price 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $68.43.

Insiders Place Their Bets

In related news, VP Gregory B. Butler sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total transaction of $562,000.00. Following the transaction, the vice president now directly owns 63,808 shares of the company’s stock, valued at $3,586,009.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Gregory B. Butler sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the completion of the sale, the vice president now directly owns 63,808 shares of the company’s stock, valued at $3,586,009.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $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 three months. 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.