Checchi Capital Advisers LLC acquired a new position in Eversource Energy (NYSE:ES) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,368 shares of the utilities provider’s stock, valued at approximately $207,000.
Several other large investors have also modified their holdings of the business. Braun Bostich & Associates Inc. lifted its holdings in Eversource Energy by 1,308.3% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,727 shares in the last quarter. O Brien Wealth Partners LLC raised its holdings in shares of Eversource Energy by 175.3% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,963 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 1,250 shares in the last quarter. Asset Advisors Investment Management LLC bought a new stake in shares of Eversource Energy in the 3rd quarter valued at about $148,000. Qube Research & Technologies Ltd raised its holdings in shares of Eversource Energy by 46.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 808 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Eversource Energy by 205.3% in the 2nd 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 in the last quarter. 74.74% of the stock is owned by institutional investors and hedge funds.
In other Eversource Energy news, EVP Leon J. Olivier sold 50,000 shares of the company’s stock in a transaction 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.
Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of Eversource Energy from $63.00 to $67.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Citigroup lifted their price objective on shares of Eversource Energy from $59.00 to $63.00 and gave the stock a “hold” rating in a research report on Tuesday, September 25th. ValuEngine raised shares of Eversource Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Scotiabank started coverage on shares of Eversource Energy in a research report on Tuesday, September 4th. They set a “sector perform” rating on the stock. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $63.82.
Shares of ES traded down $1.22 during trading hours on Thursday, hitting $66.42. The stock had a trading volume of 1,605,205 shares, compared to its average volume of 1,581,046. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.54. Eversource Energy has a fifty-two week low of $52.76 and a fifty-two week high of $68.31. The stock has a market cap of $21.43 billion, a P/E ratio of 21.36, a P/E/G ratio of 3.49 and a beta of 0.16.
Eversource Energy (NYSE:ES) last posted its 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. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Eversource Energy had a net margin of 12.51% and a return on equity of 9.32%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. Equities analysts expect that Eversource Energy will post 3.26 EPS for the current year.
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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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