Unigestion Holding SA increased its stake in shares of Eversource Energy (NYSE:ES) by 28.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 783,313 shares of the utilities provider’s stock after acquiring an additional 172,455 shares during the quarter. Eversource Energy comprises approximately 1.9% of Unigestion Holding SA’s portfolio, making the stock its 17th largest holding. Unigestion Holding SA owned about 0.24% of Eversource Energy worth $66,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently made changes to their positions in the company. Paragon Capital Management LLC increased its stake in Eversource Energy by 478.9% in the second quarter. Paragon Capital Management LLC now owns 330 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 273 shares during the period. Krane Funds Advisors LLC purchased a new stake in Eversource Energy during the second quarter worth about $25,000. Kavar Capital Partners LLC purchased a new stake in Eversource Energy during the second quarter worth about $30,000. Hexavest Inc. purchased a new stake in Eversource Energy during the second quarter worth about $42,000. Finally, FTB Advisors Inc. lifted its holdings in shares of Eversource Energy by 614.3% in the second quarter. FTB Advisors Inc. now owns 600 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.
In related news, CFO Philip J. Lembo sold 1,256 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $79.61, for a total value of $99,990.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.37% of the stock is owned by company insiders.
Shares of Eversource Energy stock traded up $0.02 during trading hours on Friday, hitting $79.41. The company’s stock had a trading volume of 1,326,311 shares, compared to its average volume of 1,675,778. Eversource Energy has a 1-year low of $62.61 and a 1-year high of $86.55. The business has a fifty day moving average of $84.44 and a 200 day moving average of $78.44. The company has a market capitalization of $26.24 billion, a PE ratio of 24.21, a P/E/G ratio of 4.19 and a beta of 0.17. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 1.09.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.26 billion. Eversource Energy had a net margin of 10.46% and a return on equity of 9.36%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, sell-side analysts anticipate that Eversource Energy will post 3.44 earnings per share for the current fiscal year.
Several brokerages have issued reports on ES. UBS Group downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating and set a $91.00 price target on the stock. in a report on Tuesday, October 29th. KeyCorp boosted their price objective on shares of Eversource Energy from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Guggenheim raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $76.00 to $88.00 in a research report on Wednesday, September 4th. ValuEngine lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Bank of America set a $78.00 price target on shares of Eversource Energy and gave the stock a “sell” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.45.
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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