Icon Advisers Inc. Co. Has $817,000 Stake in Eversource Energy (ES)

Icon Advisers Inc. Co. lessened its stake in shares of Eversource Energy (NYSE:ES) by 52.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,300 shares of the utilities provider’s stock after selling 14,600 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Eversource Energy were worth $817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ES. Qube Research & Technologies Ltd increased its position in shares of Eversource Energy by 46.8% during the 2nd 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 during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Eversource Energy by 5.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 15,391 shares of the utilities provider’s stock worth $946,000 after purchasing an additional 830 shares during the last quarter. Girard Partners LTD. increased its position in shares of Eversource Energy by 21.4% during the 2nd quarter. Girard Partners LTD. now owns 5,017 shares of the utilities provider’s stock worth $294,000 after purchasing an additional 884 shares during the last quarter. Huntington National Bank increased its position in shares of Eversource Energy by 18.6% during the 3rd quarter. Huntington National Bank now owns 5,742 shares of the utilities provider’s stock worth $353,000 after purchasing an additional 899 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Eversource Energy by 3.8% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 24,914 shares of the utilities provider’s stock worth $1,460,000 after purchasing an additional 901 shares during the last quarter. Institutional investors and hedge funds own 73.61% of the company’s stock.

In other Eversource Energy news, EVP Leon J. Olivier sold 50,000 shares of Eversource Energy stock in a transaction dated Wednesday, August 29th. The stock was 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 available through this link. Insiders own 0.53% of the company’s stock.

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

NYSE ES opened at $65.14 on Friday. The stock has a market capitalization of $20.40 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 3.32 and a beta of 0.16. 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 1-year low of $52.76 and a 1-year high of $66.15.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, November 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.03. The company 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%. Eversource Energy’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. On average, sell-side analysts forecast that Eversource Energy will post 3.26 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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