Rockland Trust Co. Has $1.73 Million Holdings in Eversource Energy (ES)

Rockland Trust Co. reduced its position in shares of Eversource Energy (NYSE:ES) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,585 shares of the utilities provider’s stock after selling 1,398 shares during the quarter. Rockland Trust Co.’s holdings in Eversource Energy were worth $1,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ES. Principal Financial Group Inc. raised its position in Eversource Energy by 382.4% during the second quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock worth $141,257,000 after acquiring an additional 1,844,447 shares in the last quarter. APG Asset Management N.V. raised its position in Eversource Energy by 72.3% during the third quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock worth $154,515,000 after acquiring an additional 1,072,700 shares in the last quarter. Vanguard Group Inc. raised its position in Eversource Energy by 2.4% during the second quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock worth $2,006,787,000 after acquiring an additional 781,327 shares in the last quarter. Janus Henderson Group PLC raised its position in Eversource Energy by 1,617.7% during the second quarter. Janus Henderson Group PLC now owns 766,269 shares of the utilities provider’s stock worth $46,520,000 after acquiring an additional 721,660 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in Eversource Energy by 94.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,041,964 shares of the utilities provider’s stock worth $63,258,000 after acquiring an additional 505,534 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Rockland Trust Co. Has $1.73 Million Holdings in Eversource Energy (ES)” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/11/06/rockland-trust-co-has-1-73-million-holdings-in-eversource-energy-es.html.

Shares of Eversource Energy (ES) traded up $0.45 on Monday, hitting $63.99. 857,966 shares of the stock traded hands, compared to its average volume of 1,681,367. The company has a market capitalization of $20,134.92, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 3.40 and a beta of 0.31. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.92 and a quick ratio of 0.80.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The company 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%. Eversource Energy’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 earned $0.83 earnings per share. analysts anticipate that Eversource Energy will post 3.15 earnings per share for the current fiscal year.

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Deutsche Bank AG lowered shares of Eversource Energy from a “buy” rating to a “hold” rating and upped their price target for the stock from $61.00 to $61.50 in a research report on Monday, July 31st. Bank of America Corporation assumed coverage on shares of Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.06.

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)

What are top analysts saying about Eversource Energy? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Eversource Energy and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit