BNP Paribas Arbitrage SA cut its stake in Eversource Energy (NYSE:ES) by 18.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,399 shares of the utilities provider’s stock after selling 69,415 shares during the period. BNP Paribas Arbitrage SA owned 0.09% of Eversource Energy worth $18,156,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of ES. FMR LLC increased its position in Eversource Energy by 35.3% in the first quarter. FMR LLC now owns 269,323 shares of the utilities provider’s stock worth $15,830,000 after buying an additional 70,198 shares during the period. Dimensional Fund Advisors LP increased its position in Eversource Energy by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 739,042 shares of the utilities provider’s stock worth $43,440,000 after buying an additional 41,599 shares during the period. Xact Kapitalforvaltning AB increased its position in Eversource Energy by 8.0% in the second quarter. Xact Kapitalforvaltning AB now owns 25,684 shares of the utilities provider’s stock worth $1,559,000 after buying an additional 1,892 shares during the period. Bank of Montreal Can increased its position in Eversource Energy by 7.2% in the second quarter. Bank of Montreal Can now owns 516,800 shares of the utilities provider’s stock worth $31,375,000 after buying an additional 34,640 shares during the period. Finally, Gateway Investment Advisers LLC increased its position in Eversource Energy by 1.3% in the second quarter. Gateway Investment Advisers LLC now owns 21,463 shares of the utilities provider’s stock worth $1,303,000 after buying an additional 277 shares during the period. 72.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Eversource Energy (NYSE:ES) traded down $0.61 during mid-day trading on Monday, reaching $64.07. The company had a trading volume of 1,555,600 shares, compared to its average volume of 1,408,859. Eversource Energy has a fifty-two week low of $50.56 and a fifty-two week high of $65.01. The company has a market capitalization of $20,340.00, a PE ratio of 20.80, a P/E/G ratio of 3.43 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.
Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the business earned $0.83 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. sell-side analysts expect that Eversource Energy will post 3.15 EPS for the current year.
ES has been the topic of a number of research analyst reports. Zacks Investment Research lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Morgan Stanley raised their price target on Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Credit Suisse Group raised their price target on Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. Williams Capital raised their price target on Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Janney Montgomery Scott set a $71.00 price target on Eversource Energy and gave the company a “buy” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.06.
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About Eversource Energy
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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