First Quadrant L P CA lessened its position in shares of Eversource Energy (NYSE:ES) by 66.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,190 shares of the utilities provider’s stock after selling 8,356 shares during the period. First Quadrant L P CA’s holdings in Eversource Energy were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. Neville Rodie & Shaw Inc. boosted its position in Eversource Energy by 1.0% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 61,736 shares of the utilities provider’s stock valued at $4,677,000 after buying an additional 632 shares during the period. Cox Capital Mgt LLC lifted its position in shares of Eversource Energy by 2.5% in the 2nd quarter. Cox Capital Mgt LLC now owns 9,864 shares of the utilities provider’s stock worth $747,000 after purchasing an additional 242 shares during the period. Baystate Wealth Management LLC purchased a new stake in shares of Eversource Energy in the 2nd quarter worth about $109,000. WINTON GROUP Ltd purchased a new stake in shares of Eversource Energy in the 2nd quarter worth about $260,000. Finally, Carroll Financial Associates Inc. lifted its position in shares of Eversource Energy by 47.5% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,052 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 339 shares during the period. 78.53% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Philip J. Lembo sold 1,256 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $79.61, for a total value of $99,990.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory B. Butler sold 8,298 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $77.30, for a total transaction of $641,435.40. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of Eversource Energy from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Wells Fargo & Co increased their price target on shares of Eversource Energy from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Morgan Stanley increased their price target on shares of Eversource Energy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. ValuEngine lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $88.00 in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $81.45.
Shares of ES opened at $83.85 on Tuesday. The firm has a market capitalization of $27.89 billion, a P/E ratio of 25.56, a P/E/G ratio of 4.46 and a beta of 0.20. Eversource Energy has a 12-month low of $61.57 and a 12-month high of $86.55. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average price of $84.51 and a 200-day moving average price of $77.86.
Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. Eversource Energy had a net margin of 10.00% and a return on equity of 9.24%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. Analysts predict that Eversource Energy will post 3.44 earnings per share for the current year.
The business also recently announced a — dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a dividend of $0.535 per share. This represents a dividend yield of 2.6%. The ex-dividend date was Thursday, September 19th. Eversource Energy’s dividend payout ratio is currently 65.24%.
Eversource Energy Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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