Thurston Springer Miller Herd & Titak Inc. Buys Shares of 1,106 Eversource Energy (NYSE:ES)

Thurston Springer Miller Herd & Titak Inc. bought a new stake in Eversource Energy (NYSE:ES) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,106 shares of the utilities provider’s stock, valued at approximately $63,000.

Several other large investors have also recently bought and sold shares of ES. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Eversource Energy by 24.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider’s stock worth $4,232,000 after acquiring an additional 13,950 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in Eversource Energy by 38.3% during the first quarter. Banque Cantonale Vaudoise now owns 56,781 shares of the utilities provider’s stock worth $3,394,000 after purchasing an additional 15,714 shares during the last quarter. Great Oak Capital Partners LLC acquired a new position in Eversource Energy during the fourth quarter worth $1,047,000. Cibc World Markets Corp boosted its holdings in Eversource Energy by 133.3% during the fourth quarter. Cibc World Markets Corp now owns 44,955 shares of the utilities provider’s stock worth $2,775,000 after purchasing an additional 25,688 shares during the last quarter. Finally, Ethic Inc. boosted its holdings in Eversource Energy by 23.1% during the fourth quarter. Ethic Inc. now owns 164,721 shares of the utilities provider’s stock worth $10,167,000 after purchasing an additional 30,890 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the subject of several recent research reports. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Wells Fargo & Company increased their target price on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley reduced their target price on shares of Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Scotiabank cut their price target on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, BMO Capital Markets increased their price target on shares of Eversource Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.43.

Eversource Energy Stock Performance

Shares of NYSE ES traded up $0.70 during mid-day trading on Wednesday, reaching $66.19. 129,282 shares of the company were exchanged, compared to its average volume of 2,524,227. The company’s 50-day simple moving average is $59.90 and its 200-day simple moving average is $58.91. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $23.32 billion, a P/E ratio of -55.52, a P/E/G ratio of 2.53 and a beta of 0.59. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $68.72.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. Eversource Energy’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. As a group, research analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Insider Activity

In other Eversource Energy news, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction on 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 owns 63,808 shares in the company, valued at $3,586,009.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Gregory B. Butler sold 10,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the completion of the sale, the vice president now owns 63,808 shares in the company, valued at $3,586,009.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Penelope M. Conner sold 2,700 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the completion of the sale, the executive vice president now owns 10,272 shares of the company’s stock, valued at approximately $603,480. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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.