Eversource Energy (ES) Holdings Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of Eversource Energy (NYSE:ES) by 430.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,486 shares of the utilities provider’s stock after purchasing an additional 14,187 shares during the period. Teacher Retirement System of Texas’ holdings in Eversource Energy were worth $1,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC boosted its stake in Eversource Energy by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 32 shares during the last quarter. Sun Life Financial INC boosted its stake in Eversource Energy by 23,040.0% during the 2nd quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 2,304 shares during the last quarter. WFG Advisors LP boosted its stake in Eversource Energy by 127.8% during the 2nd quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 1,380 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Eversource Energy by 63.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock valued at $199,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Eversource Energy during the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 72.33% of the company’s stock.

Eversource Energy (ES) opened at $63.93 on Wednesday. Eversource Energy has a twelve month low of $50.56 and a twelve month high of $66.15. The company has a market capitalization of $20,229.99, a price-to-earnings ratio of 20.73, a P/E/G ratio of 3.42 and a beta of 0.31. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the business posted $0.83 earnings per share. Eversource Energy’s revenue for the quarter was down 2.5% compared to the same quarter last year. analysts anticipate that Eversource Energy will post 3.15 earnings per share for the current year.

In other Eversource Energy news, COO Werner J. Schweiger sold 10,098 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total transaction of $653,138.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.

Several analysts have commented on the company. Zacks Investment Research downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Morgan Stanley increased their target price on Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Bank of America Corporation assumed coverage on Eversource Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $62.00 price target on the stock. Williams Capital raised their price target on Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group raised their price target on Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.06.

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About Eversource Energy

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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