Eversource Energy (ES) Shares Sold by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC decreased its position in Eversource Energy (NYSE:ES) by 21.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,761 shares of the utilities provider’s stock after selling 1,529 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Eversource Energy were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Chicago Partners Investment Group LLC purchased a new position in shares of Eversource Energy during the 3rd quarter valued at about $117,000. Braun Bostich & Associates Inc. raised its stake in shares of Eversource Energy by 1,308.3% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,727 shares during the last quarter. O Brien Wealth Partners LLC raised its stake in shares of Eversource Energy by 175.3% during the 3rd quarter. O Brien Wealth Partners LLC now owns 1,963 shares of the utilities provider’s stock valued at $121,000 after buying an additional 1,250 shares during the last quarter. Asset Advisors Investment Management LLC purchased a new position in shares of Eversource Energy during the 3rd quarter valued at about $148,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Eversource Energy by 46.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock valued at $149,000 after buying an additional 808 shares during the last quarter. Institutional investors own 73.61% of the company’s stock.

NYSE:ES opened at $64.54 on Friday. Eversource Energy has a 52 week low of $52.76 and a 52 week high of $66.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 0.59. The stock has a market cap of $20.11 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 3.28 and a beta of 0.16.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, November 1st. The utilities provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. Eversource Energy had a return on equity of 9.32% and a net margin of 12.51%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, analysts expect that Eversource Energy will post 3.26 EPS for the current fiscal year.

In related news, EVP Leon J. Olivier sold 50,000 shares of Eversource Energy stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $62.03, for a total value of $3,101,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

A number of equities analysts have weighed in on ES shares. Morgan Stanley lifted their price objective on Eversource Energy from $59.00 to $63.00 and gave the company a “hold” rating in a research note on Monday, July 16th. Zacks Investment Research upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Tuesday, July 17th. Bank of America upgraded Eversource Energy from an “underperform” rating to a “neutral” rating and set a $59.00 price objective for the company in a research note on Friday, August 3rd. Scotiabank started coverage on Eversource Energy in a research note on Tuesday, September 4th. They set a “sector perform” rating for the company. Finally, Wells Fargo & Co lifted their price objective on Eversource Energy from $67.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $63.64.

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Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

Read More: Earnings Per Share

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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