Bank of Stockton Has $246,000 Stock Holdings in Eversource Energy (NYSE:ES)

Bank of Stockton lessened its stake in shares of Eversource Energy (NYSE:ES) by 16.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,890 shares of the utilities provider’s stock after selling 575 shares during the quarter. Bank of Stockton’s holdings in Eversource Energy were worth $246,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paragon Capital Management LLC increased its stake in Eversource Energy by 478.9% during the 2nd quarter. Paragon Capital Management LLC now owns 330 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 273 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Eversource Energy during the 2nd quarter valued at $25,000. Kavar Capital Partners LLC bought a new stake in shares of Eversource Energy in the 2nd quarter worth $30,000. Hexavest Inc. bought a new stake in shares of Eversource Energy in the 2nd quarter worth $42,000. Finally, FTB Advisors Inc. grew its stake in shares of Eversource Energy by 614.3% in the 2nd quarter. FTB Advisors Inc. now owns 600 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 516 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

ES has been the subject of several recent analyst reports. Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $88.00 in a research note on Wednesday, September 4th. Morgan Stanley upped their target price on shares of Eversource Energy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Bank of America set a $78.00 target price on shares of Eversource Energy and gave the stock a “sell” rating in a research note on Monday, July 15th. KeyCorp upped their target price on shares of Eversource Energy from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Wells Fargo & Co upped their target price on shares of Eversource Energy from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $81.45.

NYSE ES opened at $86.20 on Friday. Eversource Energy has a 1 year low of $61.57 and a 1 year high of $86.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.61 and a quick ratio of 0.56. The firm has a market cap of $27.85 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 4.45 and a beta of 0.20. The company has a fifty day moving average price of $84.29 and a 200-day moving average price of $77.58.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. Eversource Energy had a net margin of 10.00% and a return on equity of 9.24%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, research analysts anticipate that Eversource Energy will post 3.45 EPS for the current fiscal year.

The business also recently declared a — dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.535 per share. The ex-dividend date was Thursday, September 19th. This represents a yield of 2.6%. Eversource Energy’s payout ratio is currently 65.24%.

In related news, CFO Philip J. Lembo sold 1,256 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $79.61, for a total transaction of $99,990.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory B. Butler sold 8,298 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $77.30, for a total transaction of $641,435.40. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by corporate insiders.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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

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