Trade Report: Today, Oregon Public Employees Retirement Fund invests in Eversource Energy (ES) Shares

Today, Oregon Public Employees Retirement Fund invests in Eversource Energy (ES) Shares

Oregon Public Employees Retirement Fund increased its position in Eversource Energy (NYSE:ES) by 38.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 76,764 shares of the company’s stock after buying an additional 21,253 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Eversource Energy were worth $4,159,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ES. American Century Companies Inc. acquired a new stake in shares of Eversource Energy during the second quarter worth approximately $62,821,000. Bank of New York Mellon Corp boosted its stake in Eversource Energy by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 18,233,828 shares of the company’s stock valued at $1,092,208,000 after buying an additional 206,188 shares during the last quarter. Royal Bank of Canada boosted its stake in Eversource Energy by 3.4% in the second quarter. Royal Bank of Canada now owns 2,242,042 shares of the company’s stock valued at $134,299,000 after buying an additional 73,421 shares during the last quarter. Artemis Investment Management LLP boosted its stake in Eversource Energy by 64.8% in the second quarter. Artemis Investment Management LLP now owns 295,248 shares of the company’s stock valued at $17,682,000 after buying an additional 116,088 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Eversource Energy by 211.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,460,239 shares of the company’s stock valued at $87,468,000 after buying an additional 991,300 shares during the last quarter. Institutional investors own 69.26% of the company’s stock.

Eversource Energy (NYSE:ES) traded up 1.64% on Friday, hitting $52.59. 829,574 shares of the stock traded hands. The firm’s 50-day moving average price is $53.20 and its 200-day moving average price is $55.53. Eversource Energy has a 12-month low of $48.18 and a 12-month high of $60.44. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 18.72 and a beta of 0.31.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. Eversource Energy had a net margin of 11.85% and a return on equity of 8.61%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Eversource Energy will post $2.98 EPS for the current fiscal year.

ES has been the subject of several recent analyst reports. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, August 1st. Williams Capital restated a “buy” rating on shares of Eversource Energy in a research report on Friday, September 2nd. Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Thursday, September 15th. Citigroup Inc. cut their price objective on shares of Eversource Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th. Finally, Barclays PLC cut their price objective on shares of Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 4th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $59.67.

In related news, VP Gregory B. Butler sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $54.77, for a total value of $547,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.89% of the stock is currently owned by corporate insiders.

Eversource Energy Company Profile

Eversource Energy, formerly Northeast Utilities, 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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