Keynote Financial Services LLC bought a new stake in Eversource Energy (NYSE:ES - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,526 shares of the utilities provider's stock, valued at approximately $467,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Pinney & Scofield Inc. bought a new stake in shares of Eversource Energy in the 4th quarter valued at about $33,000. Rossby Financial LCC bought a new position in Eversource Energy in the 1st quarter valued at about $34,000. CoreCap Advisors LLC raised its holdings in Eversource Energy by 168.7% in the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 383 shares during the period. First Financial Corp IN raised its holdings in Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 600 shares during the period. Finally, Quarry LP raised its holdings in Eversource Energy by 207.4% in the 4th quarter. Quarry LP now owns 833 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 562 shares during the period. 79.99% of the stock is owned by institutional investors.
Eversource Energy Stock Down 0.6%
Shares of ES opened at $65.47 on Thursday. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01. The firm's 50 day moving average is $64.91 and its 200-day moving average is $61.79. The stock has a market capitalization of $24.05 billion, a PE ratio of 28.10, a P/E/G ratio of 2.46 and a beta of 0.61. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.67.
Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period last year, the firm earned $0.95 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts forecast that Eversource Energy will post 4.75 EPS for the current year.
Wall Street Analyst Weigh In
ES has been the topic of several research analyst reports. Bank of America increased their price target on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Mizuho increased their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Finally, BMO Capital Markets increased their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.56.
Get Our Latest Stock Analysis on ES
Insider Activity at Eversource Energy
In related news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total transaction of $166,400.00. Following the sale, the executive vice president owned 10,988 shares in the company, valued at approximately $703,232. This trade represents a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.
About Eversource Energy
(
Free Report)
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.
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