Swiss National Bank grew its position in shares of Eversource Energy (NYSE:ES) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,167,157 shares of the utilities provider’s stock after purchasing an additional 9,300 shares during the period. Swiss National Bank owned 368,316.13% of Eversource Energy worth $70,543,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Eversource Energy during the 3rd quarter worth about $404,000. Alethea Capital Management LLC purchased a new position in shares of Eversource Energy during the 3rd quarter worth about $1,151,000. Prudential Financial Inc. lifted its holdings in shares of Eversource Energy by 1.6% during the 3rd quarter. Prudential Financial Inc. now owns 463,615 shares of the utilities provider’s stock worth $28,021,000 after acquiring an additional 7,120 shares during the period. Penobscot Investment Management Company Inc. lifted its holdings in shares of Eversource Energy by 2.8% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 65,759 shares of the utilities provider’s stock worth $3,974,000 after acquiring an additional 1,780 shares during the period. Finally, USA Financial Portformulas Corp purchased a new position in shares of Eversource Energy during the 3rd quarter worth about $2,824,000. 72.43% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on ES. BidaskClub upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Williams Capital increased their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Credit Suisse Group increased their price objective on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Morgan Stanley increased their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Finally, Bank of America Corporation began coverage on shares of Eversource Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.06.
Eversource Energy (NYSE ES) opened at $64.07 on Monday. Eversource Energy has a 1-year low of $50.56 and a 1-year high of $65.01. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market cap of $20,302.87, a P/E ratio of 20.80, a P/E/G ratio of 3.43 and a beta of 0.31.
Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business posted $0.83 EPS. The company’s quarterly 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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