Huntington National Bank boosted its stake in Eversource Energy (NYSE:ES) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,742 shares of the utilities provider’s stock after acquiring an additional 899 shares during the quarter. Huntington National Bank’s holdings in Eversource Energy were worth $353,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ES. American Century Companies Inc. raised its position in shares of Eversource Energy by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 3,344,553 shares of the utilities provider’s stock valued at $196,024,000 after purchasing an additional 184,224 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Eversource Energy in the 2nd quarter valued at approximately $266,000. Dai Ichi Life Insurance Company Ltd raised its position in shares of Eversource Energy by 13.4% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 146,986 shares of the utilities provider’s stock valued at $8,615,000 after purchasing an additional 17,405 shares in the last quarter. Cox Capital Co LLC acquired a new position in shares of Eversource Energy in the 2nd quarter valued at approximately $543,000. Finally, Andra AP fonden raised its position in shares of Eversource Energy by 6.0% in the 2nd quarter. Andra AP fonden now owns 67,300 shares of the utilities provider’s stock valued at $3,944,000 after purchasing an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.
A number of equities analysts have issued reports on the company. ValuEngine raised Eversource Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Morgan Stanley set a $66.00 price target on Eversource Energy and gave the company a “hold” rating in a research report on Thursday, October 11th. Zacks Investment Research raised Eversource Energy from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Tuesday, July 17th. Citigroup upped their price target on Eversource Energy from $59.00 to $63.00 and gave the company a “hold” rating in a research report on Tuesday, September 25th. Finally, Bank of America raised Eversource Energy from an “underperform” rating to a “neutral” rating and set a $59.00 price target on the stock in a research report on Friday, August 3rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Eversource Energy presently has an average rating of “Buy” and a consensus price target of $63.64.
ES stock opened at $63.47 on Wednesday. The company has a market cap of $19.71 billion, a P/E ratio of 20.41, a PEG ratio of 3.21 and a beta of 0.16. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. Eversource Energy has a 12-month low of $52.76 and a 12-month high of $66.15.
Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.06 billion. Eversource Energy had a return on equity of 9.32% and a net margin of 12.51%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Sell-side analysts expect that Eversource Energy will post 3.26 earnings per share for the current year.
In related news, EVP Leon J. Olivier sold 50,000 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $62.03, for a total transaction of $3,101,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.
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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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