Cpwm LLC acquired a new position in Eversource Energy (NYSE:ES) during the third quarter, HoldingsChannel reports. The firm acquired 7,970 shares of the utilities provider’s stock, valued at approximately $490,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ES. Braun Bostich & Associates Inc. boosted its holdings in Eversource Energy by 1,308.3% during the second quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock worth $109,000 after buying an additional 1,727 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Eversource Energy during the third quarter worth $117,000. O Brien Wealth Partners LLC boosted its holdings in Eversource Energy by 175.3% during the third quarter. O Brien Wealth Partners LLC now owns 1,963 shares of the utilities provider’s stock worth $121,000 after buying an additional 1,250 shares in the last quarter. Asset Advisors Investment Management LLC purchased a new stake in Eversource Energy during the third quarter worth $148,000. Finally, Qube Research & Technologies Ltd boosted its holdings in Eversource Energy by 46.8% during the second quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock worth $149,000 after buying an additional 808 shares in the last quarter. 73.59% of the stock is currently owned by hedge funds and other institutional investors.
ES opened at $69.14 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 3.57 and a beta of 0.20. Eversource Energy has a 52-week low of $52.76 and a 52-week high of $69.82.
A number of analysts recently issued reports on the stock. Credit Suisse Group raised shares of Eversource Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $62.00 to $73.00 in a report on Tuesday. Zacks Investment Research downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Barclays set a $66.00 price objective on shares of Eversource Energy and gave the company a “hold” rating in a report on Saturday, November 17th. ValuEngine raised shares of Eversource Energy from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Finally, Wells Fargo & Co increased their price objective on shares of Eversource Energy from $67.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.73.
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About Eversource Energy
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.
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