BTR Capital Management decreased its position in shares of Eversource Energy (NYSE:ES) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,912 shares of the company’s stock after selling 841 shares during the period. BTR Capital Management’s holdings in Eversource Energy were worth $864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group boosted its position in Eversource Energy by 366.8% in the third quarter. KBC Group now owns 119,525 shares of the company’s stock valued at $6,050,000 after buying an additional 93,918 shares during the period. First Premier Bank purchased a new position in Eversource Energy during the fourth quarter valued at approximately $1,321,000. Creative Planning boosted its position in Eversource Energy by 36.4% in the fourth quarter. Creative Planning now owns 38,178 shares of the company’s stock valued at $1,950,000 after buying an additional 10,191 shares during the period. Capstone Asset Management Company boosted its position in Eversource Energy by 35.7% in the fourth quarter. Capstone Asset Management Company now owns 33,579 shares of the company’s stock valued at $1,715,000 after buying an additional 8,839 shares during the period. Finally, Meeder Asset Management purchased a new position in Eversource Energy during the fourth quarter valued at approximately $392,000.

Eversource Energy (NYSE:ES) traded up 1.43% during mid-day trading on Monday, reaching $54.57. 2,791,916 shares of the company traded hands. Eversource Energy has a one year low of $44.64 and a one year high of $56.52. The firm has a market cap of $17.31 billion and a PE ratio of 18.95. The stock’s 50-day moving average price is $51.48 and its 200-day moving average price is $50.06.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.06 billion. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts forecast that Eversource Energy will post $2.83 earnings per share for the current fiscal year.

Several research firms have commented on ES. Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Thursday, October 15th. Mizuho upped their price target on shares of Eversource Energy from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, January 14th. Deutsche Bank upped their price target on shares of Eversource Energy from $52.00 to $55.00 in a research note on Monday, December 14th. Argus upped their price target on shares of Eversource Energy from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Finally, Barclays upped their price target on shares of Eversource Energy from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, January 4th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $54.66.

In related news, SVP Gregory B. Butler sold 9,770 shares of the stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of $50.88, for a total transaction of $497,097.60. Following the completion of the sale, the senior vice president now owns 58,056 shares in the company, valued at approximately $2,953,889.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Company’s natural gas distribution companies.

12 Month Chart for NYSE:ES

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