Eversource Energy (ES) Holdings Trimmed by GWM Advisors LLC

GWM Advisors LLC lessened its position in shares of Eversource Energy (NYSE:ES) by 12.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,834 shares of the utilities provider’s stock after selling 1,341 shares during the quarter. GWM Advisors LLC’s holdings in Eversource Energy were worth $604,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC acquired a new stake in Eversource Energy during the 3rd quarter valued at approximately $207,000. NN Investment Partners Holdings N.V. grew its position in shares of Eversource Energy by 1.0% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,947,267 shares of the utilities provider’s stock worth $13,469,000 after buying an additional 19,481 shares during the period. North Point Portfolio Managers Corp OH acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $205,000. W.E. Donoghue & Co. LLC acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $2,550,000. Finally, Asset Advisors Investment Management LLC acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $148,000. 73.59% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Leon J. Olivier sold 50,000 shares of Eversource Energy stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $62.03, for a total value of $3,101,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.

NYSE ES opened at $62.19 on Friday. Eversource Energy has a 12-month low of $52.76 and a 12-month high of $66.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.65 and a quick ratio of 0.60. The firm has a market capitalization of $19.71 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 3.21 and a beta of 0.16.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.03. Eversource Energy had a net margin of 12.51% and a return on equity of 9.37%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm posted $0.82 EPS. Eversource Energy’s revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts expect that Eversource Energy will post 3.26 earnings per share for the current year.

Several brokerages have recently commented on ES. ValuEngine raised shares of Eversource Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Wells Fargo & Co raised their price objective on shares of Eversource Energy from $67.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. Barclays began coverage on shares of Eversource Energy in a research report on Monday, October 22nd. They set a “hold” rating and a $64.00 price objective for the company. Morgan Stanley raised their price objective on shares of Eversource Energy from $63.00 to $67.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Finally, Scotiabank began coverage on shares of Eversource Energy in a research report on Tuesday, September 4th. They set a “sector perform” rating for the company. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $63.64.

Eversource Energy 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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