Baker Ellis Asset Management LLC Sells 300 Shares of Eversource Energy (ES)
Baker Ellis Asset Management LLC decreased its position in Eversource Energy (NYSE:ES) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,965 shares of the utilities provider’s stock after selling 300 shares during the period. Baker Ellis Asset Management LLC’s holdings in Eversource Energy were worth $969,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. bought a new position in Eversource Energy during the first quarter worth $106,000. Advisory Services Network LLC bought a new position in Eversource Energy during the first quarter worth $112,000. Northwestern Mutual Wealth Management Co. raised its position in Eversource Energy by 24.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,005 shares of the utilities provider’s stock worth $119,000 after buying an additional 400 shares during the period. NEXT Financial Group Inc raised its position in Eversource Energy by 168.9% in the second quarter. NEXT Financial Group Inc now owns 2,420 shares of the utilities provider’s stock worth $147,000 after buying an additional 1,520 shares during the period. Finally, First Personal Financial Services raised its position in Eversource Energy by 180.2% in the first quarter. First Personal Financial Services now owns 2,567 shares of the utilities provider’s stock worth $151,000 after buying an additional 1,651 shares during the period. 71.03% of the stock is currently owned by institutional investors.
Shares of Eversource Energy (NYSE ES) opened at 61.58 on Monday. The firm has a 50-day moving average price of $61.15 and a 200-day moving average price of $59.31. Eversource Energy has a 52-week low of $50.56 and a 52-week high of $63.34. The stock has a market cap of $19.52 billion, a P/E ratio of 19.93 and a beta of 0.28.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Eversource Energy will post $3.16 EPS for the current fiscal year.
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A number of equities analysts have weighed in on ES shares. Deutsche Bank AG boosted their price objective on Eversource Energy from $59.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Zacks Investment Research raised Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Wednesday, June 21st. Janney Montgomery Scott set a $71.00 price objective on Eversource Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Barclays PLC reissued an “equal weight” rating and set a $66.00 price objective (up previously from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Finally, Morgan Stanley boosted their price objective on Eversource Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Eversource Energy presently has an average rating of “Hold” and an average target price of $62.75.
In other news, VP Werner J. Schweiger sold 48,544 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $61.01, for a total transaction of $2,961,669.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by company insiders.
Eversource Energy Company Profile
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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