Eversource Energy (ES) Shares Sold by State of Tennessee Treasury Department
State of Tennessee Treasury Department decreased its stake in shares of Eversource Energy (NYSE:ES) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,361 shares of the utilities provider’s stock after selling 2,514 shares during the period. State of Tennessee Treasury Department’s holdings in Eversource Energy were worth $7,093,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of ES. Advisory Services Network LLC lifted its position in shares of Eversource Energy by 1.7% during the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 32 shares during the last quarter. Sun Life Financial INC lifted its holdings in Eversource Energy by 23,040.0% in the second quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 2,304 shares during the last quarter. WFG Advisors LP lifted its holdings in Eversource Energy by 127.8% in the second quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 1,380 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Eversource Energy by 63.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 1,265 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Eversource Energy in the second quarter worth about $200,000. 72.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eversource Energy (NYSE ES) opened at $64.07 on Monday. The firm has a market capitalization of $20,302.87, a P/E ratio of 20.80, a PEG ratio of 3.43 and a beta of 0.31. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. Eversource Energy has a twelve month low of $50.56 and a twelve month high of $65.01.
Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. sell-side analysts forecast that Eversource Energy will post 3.15 EPS for the current year.
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A number of brokerages have issued reports on ES. Morgan Stanley raised their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Deutsche Bank AG cut shares of Eversource Energy from a “buy” rating to a “hold” rating and raised their target price for the stock from $61.00 to $61.50 in a report on Monday, July 31st. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Bank of America Corporation began coverage on shares of Eversource Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $62.00 target price on the stock. Finally, Janney Montgomery Scott set a $71.00 target price on shares of Eversource Energy and gave the stock a “buy” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $64.06.
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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