Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,275 shares of the utilities provider’s stock, valued at approximately $689,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Eversource Energy in the 2nd quarter valued at about $32,000. Lindbrook Capital LLC boosted its holdings in Eversource Energy by 44.4% in the second quarter. Lindbrook Capital LLC now owns 400 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Centersquare Investment Management LLC acquired a new position in Eversource Energy in the first quarter valued at approximately $49,000. Verus Capital Partners LLC increased its stake in Eversource Energy by 40.8% in the first quarter. Verus Capital Partners LLC now owns 690 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 200 shares during the last quarter. Finally, Elmwood Wealth Management Inc. acquired a new stake in Eversource Energy during the first quarter worth approximately $41,000. Institutional investors and hedge funds own 77.98% of the company’s stock.
Eversource Energy stock opened at $85.71 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.72 and a quick ratio of 0.67. The business has a 50 day simple moving average of $87.56 and a 200-day simple moving average of $85.25. Eversource Energy has a 12 month low of $60.69 and a 12 month high of $99.42. The stock has a market capitalization of $29.05 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 3.53 and a beta of 0.35.
Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.04 billion. Eversource Energy had a net margin of 13.52% and a return on equity of 8.99%. As a group, equities research analysts anticipate that Eversource Energy will post 3.64 EPS for the current year.
In other Eversource Energy news, VP Gregory B. Butler sold 5,625 shares of Eversource Energy stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $88.81, for a total value of $499,556.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.
ES has been the topic of a number of recent analyst reports. KeyCorp dropped their target price on shares of Eversource Energy from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Credit Suisse Group lowered Eversource Energy from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $76.00 to $81.00 in a report on Monday, July 20th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Eversource Energy from $77.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. UBS Group boosted their target price on Eversource Energy from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, June 5th. Finally, Seaport Global Securities started coverage on Eversource Energy in a research note on Wednesday, May 20th. They set a “buy” rating and a $88.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Eversource Energy presently has a consensus rating of “Hold” and an average target price of $90.60.
Eversource Energy 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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