Advisor Group Inc. Purchases 1,441 Shares of Eversource Energy (ES)
Advisor Group Inc. raised its position in Eversource Energy (NYSE:ES) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,177 shares of the utilities provider’s stock after acquiring an additional 1,441 shares during the quarter. Advisor Group Inc.’s holdings in Eversource Energy were worth $795,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of ES. Advisory Services Network LLC raised its holdings in 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 in the last quarter. Sun Life Financial INC raised its holdings in Eversource Energy by 23,040.0% during the second quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 2,304 shares in the last quarter. WFG Advisors LP raised its holdings in Eversource Energy by 127.8% during the second quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 1,380 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Eversource Energy by 63.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Eversource Energy during the second quarter worth approximately $200,000. Institutional investors own 72.33% of the company’s stock.
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In related news, COO Werner J. Schweiger sold 10,098 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $64.68, for a total value of $653,138.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.53% of the stock is owned by insiders.
Eversource Energy (NYSE:ES) opened at $63.93 on Wednesday. The stock has a market cap of $20,229.99, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 3.42 and a beta of 0.31. Eversource Energy has a 12 month low of $50.56 and a 12 month high of $66.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Eversource Energy’s quarterly revenue was down 2.5% on a year-over-year basis. equities research analysts anticipate that Eversource Energy will post 3.15 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Morgan Stanley lifted their target price on shares of Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Credit Suisse Group lifted their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. Williams Capital lifted their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Bank of America Corporation assumed 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Eversource Energy presently has an average rating of “Hold” and a consensus price target 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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