Parametrica Management Ltd acquired a new position in shares of Eversource Energy (NYSE:ES) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,515 shares of the utilities provider’s stock, valued at approximately $394,000.

Several other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Eversource Energy by 382.4% in the second quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock valued at $141,257,000 after acquiring an additional 1,844,447 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Eversource Energy by 72.3% in the third quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock valued at $154,515,000 after acquiring an additional 1,072,700 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Eversource Energy by 2.4% in the second quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock valued at $2,006,787,000 after acquiring an additional 781,327 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Eversource Energy by 1,617.7% in the second quarter. Janus Henderson Group PLC now owns 766,269 shares of the utilities provider’s stock valued at $46,520,000 after acquiring an additional 721,660 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its holdings in Eversource Energy by 94.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,041,964 shares of the utilities provider’s stock valued at $63,258,000 after acquiring an additional 505,534 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

A number of research analysts recently weighed in on the company. BidaskClub upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Zacks Investment Research cut Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Bank of America Corporation assumed coverage on Eversource Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $62.00 target price on the stock. Morgan Stanley lifted their target price on Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Finally, Williams Capital lifted their target price on Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Eversource Energy presently has a consensus rating of “Hold” and an average price target of $64.06.

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Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the company posted $0.83 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year.

Eversource Energy Company Profile

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

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

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