Eversource Energy (ES) Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its position in Eversource Energy (NYSE:ES) by 4.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,134 shares of the utilities provider’s stock after selling 975 shares during the period. IFP Advisors Inc’s holdings in Eversource Energy were worth $1,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BB&T Securities LLC bought a new position in shares of Eversource Energy in the second quarter valued at $1,033,000. Teacher Retirement System of Texas bought a new position in shares of Eversource Energy in the second quarter valued at $200,000. Swiss National Bank increased its holdings in shares of Eversource Energy by 3.0% in the second quarter. Swiss National Bank now owns 1,157,857 shares of the utilities provider’s stock valued at $70,293,000 after buying an additional 33,900 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Eversource Energy by 24.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 92,306 shares of the utilities provider’s stock valued at $5,604,000 after buying an additional 18,113 shares in the last quarter. Finally, AXA increased its holdings in shares of Eversource Energy by 72.8% in the second quarter. AXA now owns 934,919 shares of the utilities provider’s stock valued at $56,759,000 after buying an additional 393,802 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

ES has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Credit Suisse Group boosted their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Williams Capital boosted their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, BidaskClub downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $64.06.

Shares of Eversource Energy (NYSE:ES) opened at $63.54 on Friday. The firm has a market capitalization of $20.04 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 3.39 and a beta of 0.31. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.54 and a current ratio of 0.92.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.00%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $0.83 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. equities analysts expect that Eversource Energy will post 3.15 EPS for the current fiscal year.

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

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