GWM Advisors LLC lifted its holdings in Eversource Energy (NYSE:ES) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,932 shares of the utilities provider’s stock after buying an additional 249 shares during the period. GWM Advisors LLC’s holdings in Eversource Energy were worth $677,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Usca Ria LLC boosted its position in Eversource Energy by 83.2% during the second quarter. Usca Ria LLC now owns 86,579 shares of the utilities provider’s stock valued at $6,559,000 after purchasing an additional 39,326 shares during the last quarter. Chicago Equity Partners LLC lifted its position in shares of Eversource Energy by 915.8% in the second quarter. Chicago Equity Partners LLC now owns 57,395 shares of the utilities provider’s stock worth $4,348,000 after buying an additional 51,745 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Eversource Energy in the second quarter worth about $222,000. Comerica Bank lifted its position in shares of Eversource Energy by 3.8% in the second quarter. Comerica Bank now owns 87,553 shares of the utilities provider’s stock worth $6,773,000 after buying an additional 3,167 shares during the last quarter. Finally, Next Capital Management LLC lifted its position in shares of Eversource Energy by 24.7% in the second quarter. Next Capital Management LLC now owns 696 shares of the utilities provider’s stock worth $53,000 after buying an additional 138 shares during the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.
ES has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on Eversource Energy in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $80.00 price objective on the stock. Morgan Stanley dropped their price objective on Eversource Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Barclays lifted their price objective on Eversource Energy from $71.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 18th. UBS Group lifted their price objective on Eversource Energy from $81.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. Finally, Zacks Investment Research upgraded Eversource Energy from a “sell” rating to a “hold” rating and set a $82.00 price objective on the stock in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Eversource Energy has an average rating of “Hold” and an average price target of $76.33.
Shares of Eversource Energy stock traded up $0.13 on Thursday, hitting $79.69. 1,687 shares of the company’s stock traded hands, compared to its average volume of 1,627,538. The firm’s 50-day moving average price is $77.39 and its two-hundred day moving average price is $73.44. The stock has a market capitalization of $25.55 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 4.09 and a beta of 0.23. Eversource Energy has a one year low of $60.15 and a one year high of $79.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.61 and a quick ratio of 0.56.
Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Eversource Energy had a net margin of 10.00% and a return on equity of 9.24%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. On average, analysts forecast that Eversource Energy will post 3.43 earnings per share for the current fiscal year.
Eversource Energy Company 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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