Dean Capital Investments Management LLC Cuts Stake in Eversource Energy (NYSE:ES)

Dean Capital Investments Management LLC reduced its stake in shares of Eversource Energy (NYSE:ES) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,693 shares of the utilities provider’s stock after selling 749 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Eversource Energy were worth $658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ES. Price T Rowe Associates Inc. MD grew its holdings in Eversource Energy by 108.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,429,007 shares of the utilities provider’s stock valued at $1,093,142,000 after buying an additional 7,496,179 shares in the last quarter. Zimmer Partners LP lifted its position in Eversource Energy by 586.4% in the second quarter. Zimmer Partners LP now owns 4,290,210 shares of the utilities provider’s stock worth $325,026,000 after buying an additional 3,665,210 shares during the last quarter. Vanguard Group Inc. lifted its position in Eversource Energy by 3.4% in the second quarter. Vanguard Group Inc. now owns 40,172,997 shares of the utilities provider’s stock worth $3,043,505,000 after buying an additional 1,338,950 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Eversource Energy in the second quarter worth $96,520,000. Finally, Macquarie Group Ltd. lifted its position in Eversource Energy by 916.3% in the second quarter. Macquarie Group Ltd. now owns 992,928 shares of the utilities provider’s stock worth $75,224,000 after buying an additional 895,228 shares during the last quarter. 78.47% of the stock is owned by institutional investors and hedge funds.

ES has been the subject of a number of analyst reports. Bank of America set a $78.00 price target on Eversource Energy and gave the stock a “sell” rating in a research report on Monday, July 15th. Guggenheim upgraded Eversource Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $88.00 in a research report on Wednesday, September 4th. UBS Group downgraded Eversource Energy from a “buy” rating to a “neutral” rating and set a $91.00 target price for the company. in a research report on Tuesday, October 29th. ValuEngine downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their target price on Eversource Energy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $81.45.

Shares of NYSE:ES traded up $0.01 on Tuesday, hitting $79.30. 9,006 shares of the company’s stock were exchanged, compared to its average volume of 1,532,090. Eversource Energy has a 12 month low of $62.61 and a 12 month high of $86.55. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 4.08 and a beta of 0.17. The business’s 50 day simple moving average is $84.20 and its two-hundred day simple moving average is $78.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.59 and a quick ratio of 0.54.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.26 billion. Eversource Energy had a return on equity of 9.28% and a net margin of 10.46%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Equities analysts forecast that Eversource Energy will post 3.46 EPS for the current fiscal year.

In other news, CFO Philip J. Lembo sold 1,256 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $79.61, for a total transaction of $99,990.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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