Eversource Energy (NYSE:ES) – Equities research analysts at Williams Capital issued their Q1 2019 earnings per share (EPS) estimates for shares of Eversource Energy in a report released on Friday. Williams Capital analyst C. Ellinghaus expects that the utilities provider will post earnings of $0.93 per share for the quarter. Williams Capital currently has a “Buy” rating and a $66.00 target price on the stock. Williams Capital also issued estimates for Eversource Energy’s Q2 2019 earnings at $0.80 EPS, Q3 2019 earnings at $0.99 EPS and Q4 2019 earnings at $0.92 EPS.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, January 16th. Morgan Stanley increased their target price on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Credit Suisse Group increased their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $64.55.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $0.83 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis.
In other Eversource Energy news, COO Werner J. Schweiger sold 10,098 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Eversource Energy by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 15,936,793 shares of the utilities provider’s stock valued at $963,220,000 after purchasing an additional 516,965 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Eversource Energy by 5.4% during the 3rd quarter. Legal & General Group Plc now owns 2,801,473 shares of the utilities provider’s stock valued at $169,322,000 after purchasing an additional 144,185 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Eversource Energy by 14.4% during the 3rd quarter. American Century Companies Inc. now owns 2,653,302 shares of the utilities provider’s stock valued at $160,366,000 after purchasing an additional 333,139 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Eversource Energy by 72.3% during the 3rd quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock valued at $154,515,000 after purchasing an additional 1,072,700 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Eversource Energy by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,991,027 shares of the utilities provider’s stock valued at $120,595,000 after purchasing an additional 13,402 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.
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About Eversource Energy
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, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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