Alpha Cubed Investments LLC continued to hold its position in Eversource Energy (NYSE:ES) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,666 shares of the utilities provider’s stock at the end of the second quarter. Alpha Cubed Investments LLC’s holdings in Eversource Energy were worth $465,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Brookfield Asset Management Inc. bought a new position in Eversource Energy during the first quarter valued at about $106,000. Advisory Services Network LLC purchased a new position in Eversource Energy during the first quarter valued at about $112,000. Northwestern Mutual Wealth Management Co. boosted its position in Eversource Energy by 24.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,005 shares of the utilities provider’s stock valued at $119,000 after buying an additional 400 shares in the last quarter. NEXT Financial Group Inc boosted its position in Eversource Energy by 168.9% in the second quarter. NEXT Financial Group Inc now owns 2,420 shares of the utilities provider’s stock valued at $147,000 after buying an additional 1,520 shares in the last quarter. Finally, First Personal Financial Services boosted its position in Eversource Energy by 180.2% in the first quarter. First Personal Financial Services now owns 2,567 shares of the utilities provider’s stock valued at $151,000 after buying an additional 1,651 shares in the last quarter. Institutional investors own 71.31% of the company’s stock.
Eversource Energy (NYSE ES) opened at 63.06 on Friday. The stock has a 50 day moving average of $61.09 and a 200 day moving average of $59.89. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $63.34. The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 20.41 and a beta of 0.28.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts anticipate that Eversource Energy will post $3.15 earnings per share for the current year.
ES has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of Eversource Energy from $57.00 to $61.00 and gave the company a “market perform” rating in a report on Monday, May 15th. Citigroup Inc. raised their price objective on shares of Eversource Energy from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 25th. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Monday, June 5th. Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Deutsche Bank AG lowered shares of Eversource Energy from a “buy” rating to a “hold” rating and lifted their price target for the company from $61.00 to $61.50 in a report on Monday, July 31st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $62.95.
In other news, VP Werner J. Schweiger sold 48,544 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $61.01, for a total value of $2,961,669.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.
Eversource Energy Company Profile
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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