46,410 Shares in Eversource Energy (ES) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. purchased a new position in shares of Eversource Energy (NYSE:ES) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 46,410 shares of the utilities provider’s stock, valued at approximately $2,805,000.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Eversource Energy by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock worth $2,006,787,000 after buying an additional 781,327 shares in the last quarter. BlackRock Inc. lifted its position in Eversource Energy by 1.6% during the 2nd quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock worth $1,478,596,000 after buying an additional 374,229 shares in the last quarter. Legal & General Group Plc lifted its position in Eversource Energy by 7.5% during the 2nd quarter. Legal & General Group Plc now owns 2,657,288 shares of the utilities provider’s stock worth $161,331,000 after buying an additional 186,030 shares in the last quarter. APG Asset Management N.V. lifted its position in Eversource Energy by 72.3% during the 3rd quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock worth $154,515,000 after buying an additional 1,072,700 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Eversource Energy by 382.4% during the 2nd quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock worth $141,257,000 after buying an additional 1,844,447 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have commented on ES shares. Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the stock a “buy” rating in a research report on Monday, July 31st. Williams Capital boosted their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Morgan Stanley boosted their price target on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Deutsche Bank AG cut shares of Eversource Energy from a “buy” rating to a “hold” rating and boosted their price target for the stock from $61.00 to $61.50 in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.06.

Shares of Eversource Energy (ES) opened at $63.54 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.54 and a current ratio of 0.92. The firm has a market cap of $20,134.94, a PE ratio of 20.63, a PEG ratio of 3.40 and a beta of 0.31.

Eversource Energy (NYSE:ES) last issued its 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). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.06 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.00%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. equities analysts predict that Eversource Energy will post 3.15 EPS for the current year.

Eversource Energy 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.

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

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