Dupont Capital Management Corp reduced its position in Eversource Energy (NYSE:ES) by 22.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,642 shares of the utilities provider’s stock after selling 2,509 shares during the period. Dupont Capital Management Corp’s holdings in Eversource Energy were worth $720,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Alpha LLC acquired a new position in Eversource Energy during the 1st quarter worth approximately $29,000. Sound Income Strategies LLC acquired a new position in Eversource Energy during the 2nd quarter worth approximately $32,000. Versant Capital Management Inc lifted its position in Eversource Energy by 36.9% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 123 shares in the last quarter. Verus Capital Partners LLC acquired a new position in Eversource Energy during the 4th quarter worth approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Eversource Energy by 48.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 582 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 189 shares in the last quarter. 78.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ES opened at $90.07 on Friday. Eversource Energy has a twelve month low of $60.69 and a twelve month high of $99.42. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $30.30 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 4.06 and a beta of 0.34. The business has a 50 day simple moving average of $85.52 and a 200-day simple moving average of $85.68.
Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.01). Eversource Energy had a net margin of 13.52% and a return on equity of 9.16%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.04 billion. As a group, equities analysts predict that Eversource Energy will post 3.62 earnings per share for the current year.
Several research firms recently commented on ES. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, May 12th. Evercore ISI raised Eversource Energy from an “underperform” rating to an “in-line” rating and reduced their price target for the stock from $93.00 to $91.00 in a research report on Monday, April 20th. Barclays dropped their price objective on Eversource Energy from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. Morgan Stanley lifted their price objective on Eversource Energy from $77.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Finally, Zacks Investment Research upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Monday, April 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $90.40.
About Eversource Energy
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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