Sciencast Management LP lessened its holdings in Eversource Energy (NYSE:ES) by 53.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,800 shares of the utilities provider’s stock after selling 6,532 shares during the quarter. Sciencast Management LP’s holdings in Eversource Energy were worth $497,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Guggenheim Capital LLC grew its stake in shares of Eversource Energy by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 259,670 shares of the utilities provider’s stock worth $22,091,000 after acquiring an additional 10,427 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Eversource Energy by 245.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 8,984 shares of the utilities provider’s stock worth $764,000 after purchasing an additional 6,384 shares in the last quarter. Brinker Capital Inc. purchased a new stake in Eversource Energy during the 4th quarter valued at about $294,000. Verus Capital Partners LLC bought a new stake in Eversource Energy during the 4th quarter valued at about $42,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Eversource Energy in the fourth quarter worth about $699,000. Institutional investors and hedge funds own 78.14% of the company’s stock.
A number of equities research analysts have recently commented on ES shares. Barclays cut their price target on shares of Eversource Energy from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. Morgan Stanley increased their target price on Eversource Energy from $77.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. Zacks Investment Research upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Monday, April 13th. KeyCorp lowered their price target on Eversource Energy from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Finally, Credit Suisse Group downgraded Eversource Energy from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $76.00 to $81.00 in a report on Monday, July 20th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $90.40.
Shares of NYSE:ES opened at $90.07 on Friday. The stock’s 50-day simple moving average is $85.52 and its two-hundred day simple moving average is $85.68. The stock has a market capitalization of $30.30 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 4.03 and a beta of 0.34. Eversource Energy has a 52-week low of $60.69 and a 52-week high of $99.42. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.67 and a current ratio of 0.75.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Eversource Energy had a return on equity of 9.16% and a net margin of 13.52%. As a group, equities analysts forecast that Eversource Energy will post 3.64 earnings per share for the current fiscal year.
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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