Chevy Chase Trust Holdings Inc. Reduces Position in Eversource Energy (ES)

Chevy Chase Trust Holdings Inc. decreased its stake in shares of Eversource Energy (NYSE:ES) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 266,542 shares of the utilities provider’s stock after selling 1,236 shares during the quarter. Chevy Chase Trust Holdings Inc. owned about 0.08% of Eversource Energy worth $15,622,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Signaturefd LLC bought a new position in shares of Eversource Energy during the first quarter worth $106,000. Centaurus Financial Inc. bought a new position in Eversource Energy during the first quarter valued at $119,000. Optimum Investment Advisors bought a new position in Eversource Energy during the first quarter valued at $143,000. Synovus Financial Corp lifted its position in Eversource Energy by 205.3% during the second quarter. Synovus Financial Corp now owns 2,650 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 1,782 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. bought a new position in Eversource Energy during the first quarter valued at $173,000. Hedge funds and other institutional investors own 74.01% of the company’s stock.

In other news, EVP Joseph R. Nolan, Jr. sold 6,282 shares of the stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $57.03, for a total value of $358,262.46. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christine M. Carmody sold 21,500 shares of the stock in a transaction on Monday, May 14th. The shares were sold at an average price of $57.79, for a total transaction of $1,242,485.00. The disclosure for this sale can be found here. In the last three months, insiders sold 28,117 shares of company stock worth $1,619,856. Insiders own 0.53% of the company’s stock.



ES has been the subject of several research reports. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Morgan Stanley increased their price objective on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Monday, April 16th. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd. Credit Suisse Group increased their price objective on shares of Eversource Energy from $59.00 to $61.00 and gave the company an “underperform” rating in a research report on Friday, May 4th. Finally, ValuEngine lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $62.30.

Eversource Energy opened at $61.14 on Friday, MarketBeat reports. Eversource Energy has a 52 week low of $52.76 and a 52 week high of $66.15. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 3.16 and a beta of 0.30. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.65 and a quick ratio of 0.60.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, July 31st. The utilities provider reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. Eversource Energy had a net margin of 12.59% and a return on equity of 9.07%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. research analysts anticipate that Eversource Energy will post 3.25 EPS for the current fiscal year.

Eversource Energy Company Profile

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

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