Dupont Capital Management Corp lessened its holdings in shares of Eversource Energy (NYSE:ES) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,654 shares of the utilities provider’s stock after selling 4,983 shares during the period. Dupont Capital Management Corp’s holdings in Eversource Energy were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Braun Bostich & Associates Inc. raised 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 purchasing an additional 1,727 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Eversource Energy during the third quarter worth approximately $117,000. O Brien Wealth Partners LLC raised 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 purchasing an additional 1,250 shares in the last quarter. Asset Advisors Investment Management LLC bought a new stake in Eversource Energy during the third quarter worth approximately $148,000. Finally, Qube Research & Technologies Ltd raised 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 purchasing an additional 808 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on ES shares. Wells Fargo & Co upped their price target on Eversource Energy from $67.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Morgan Stanley upped their price target on Eversource Energy from $63.00 to $67.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Scotiabank started coverage on Eversource Energy in a report on Tuesday, September 4th. They issued a “sector perform” rating on the stock. Barclays started coverage on Eversource Energy in a report on Monday, October 22nd. They issued a “hold” rating and a $64.00 price target on the stock. Finally, ValuEngine cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.64.
In other Eversource Energy news, EVP Leon J. Olivier sold 50,000 shares of Eversource Energy stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $62.03, for a total transaction of $3,101,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.
NYSE ES opened at $66.20 on Friday. Eversource Energy has a twelve month low of $52.76 and a twelve month high of $66.26. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 0.59. The company has a market cap of $20.84 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 3.39 and a beta of 0.16.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.03. Eversource Energy had a net margin of 12.51% and a return on equity of 9.32%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company posted $0.82 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts expect that Eversource Energy will post 3.26 earnings per share for the current year.
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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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