Eversource Energy (NYSE:ES) Shares Acquired by SG Americas Securities LLC

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SG Americas Securities LLC increased its stake in Eversource Energy (NYSE:ES) by 38.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,018 shares of the utilities provider’s stock after acquiring an additional 26,386 shares during the period. SG Americas Securities LLC’s holdings in Eversource Energy were worth $8,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ES. Paragon Capital Management LLC raised its stake in shares of Eversource Energy by 478.9% in the second quarter. Paragon Capital Management LLC now owns 330 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 273 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Eversource Energy in the second quarter valued at $25,000. Kavar Capital Partners LLC acquired a new stake in shares of Eversource Energy in the second quarter valued at $30,000. Hexavest Inc. acquired a new stake in shares of Eversource Energy in the second quarter valued at $42,000. Finally, FTB Advisors Inc. raised its stake in shares of Eversource Energy by 614.3% in the second quarter. FTB Advisors Inc. now owns 600 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 516 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

Eversource Energy stock traded up $0.02 during midday trading on Friday, reaching $79.41. The company’s stock had a trading volume of 1,220,249 shares, compared to its average volume of 1,675,778. Eversource Energy has a fifty-two week low of $62.61 and a fifty-two week high of $86.55. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 1.09. The company has a market cap of $26.24 billion, a P/E ratio of 24.21, a P/E/G ratio of 4.19 and a beta of 0.17. The business has a 50-day simple moving average of $84.36 and a 200-day simple moving average of $78.48.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. Eversource Energy had a return on equity of 9.36% and a net margin of 10.46%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm earned $0.91 earnings per share. Eversource Energy’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities analysts forecast that Eversource Energy will post 3.44 earnings per share for the current year.

In other Eversource Energy news, CFO Philip J. Lembo sold 1,256 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $79.61, for a total value of $99,990.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.37% of the stock is owned by company insiders.

Several analysts have recently issued reports on the company. Wells Fargo & Co increased their price objective on Eversource Energy from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. UBS Group cut Eversource Energy from a “buy” rating to a “neutral” rating and set a $91.00 price objective on the stock. in a research note on Tuesday, October 29th. Morgan Stanley increased their price objective on Eversource Energy from $80.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Guggenheim upgraded Eversource Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $88.00 in a research note on Wednesday, September 4th. Finally, Bank of America set a $78.00 price objective on Eversource Energy and gave the company a “sell” rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $81.45.

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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