First Trust Advisors LP Has $66.51 Million Stock Holdings in Eversource Energy (NYSE:ES)

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First Trust Advisors LP lifted its holdings in shares of Eversource Energy (NYSE:ES) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 778,177 shares of the utilities provider’s stock after buying an additional 35,111 shares during the period. First Trust Advisors LP owned about 0.24% of Eversource Energy worth $66,511,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Eversource Energy by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 40,172,997 shares of the utilities provider’s stock valued at $3,043,505,000 after purchasing an additional 1,338,950 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Eversource Energy by 108.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,429,007 shares of the utilities provider’s stock valued at $1,093,142,000 after purchasing an additional 7,496,179 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Eversource Energy by 3.1% in the 2nd quarter. Wells Fargo & Company MN now owns 6,308,222 shares of the utilities provider’s stock valued at $477,910,000 after purchasing an additional 189,128 shares during the period. Charles Schwab Investment Advisory Inc. raised its holdings in shares of Eversource Energy by 1.9% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 4,792,176 shares of the utilities provider’s stock valued at $363,055,000 after purchasing an additional 89,890 shares during the period. Finally, Zimmer Partners LP raised its holdings in shares of Eversource Energy by 586.4% in the 2nd quarter. Zimmer Partners LP now owns 4,290,210 shares of the utilities provider’s stock valued at $325,026,000 after purchasing an additional 3,665,210 shares during the period. Institutional investors own 78.37% of the company’s stock.

In other Eversource Energy news, CFO Philip J. Lembo sold 1,256 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $79.61, for a total transaction of $99,990.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on ES. Morgan Stanley upped their target price on shares of Eversource Energy from $80.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Wells Fargo & Co upped their target price on shares of Eversource Energy from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. ValuEngine cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group cut shares of Eversource Energy from a “buy” rating to a “neutral” rating and set a $91.00 price target on the stock. in a report on Tuesday, October 29th. Finally, Bank of America set a $78.00 price target on shares of Eversource Energy and gave the company a “sell” rating in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Eversource Energy has a consensus rating of “Hold” and a consensus price target of $81.45.

Eversource Energy stock opened at $79.41 on Friday. The stock 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 company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 1.09. Eversource Energy has a twelve month low of $62.61 and a twelve month high of $86.55. The company’s 50-day moving average price is $84.36 and its two-hundred day moving average price is $78.48.

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

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.

Further Reading: What is the return on assets (ROA) ratio?

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

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