SG Americas Securities LLC Raises Stock Position in Eversource Energy (NYSE:ES)

SG Americas Securities LLC grew its holdings in Eversource Energy (NYSE:ES) by 38.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,018 shares of the utilities provider’s stock after acquiring an additional 26,386 shares during the period. SG Americas Securities LLC’s holdings in Eversource Energy were worth $8,121,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ES. Krane Funds Advisors LLC bought a new position in Eversource Energy in the second quarter valued at approximately $25,000. Paragon Capital Management LLC grew its stake in shares of 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 acquiring an additional 273 shares in the last quarter. Kavar Capital Partners LLC acquired a new position in shares of Eversource Energy in the second quarter valued at about $30,000. Hexavest Inc. acquired a new position in shares of Eversource Energy in the second quarter valued at about $42,000. Finally, FTB Advisors Inc. grew its stake 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 acquiring an additional 516 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NYSE ES traded up $0.02 during trading hours on Friday, reaching $79.41. The company’s stock had a trading volume of 1,220,249 shares, compared to its average volume of 1,675,778. The firm has a market capitalization of $26.24 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 4.19 and a beta of 0.17. Eversource Energy has a 1-year low of $62.61 and a 1-year high of $86.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.61 and a quick ratio of 0.56. The company’s 50-day moving average is $84.36 and its two-hundred day moving average is $78.48.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Eversource Energy had a return on equity of 9.36% and a net margin of 10.46%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. Eversource Energy’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts forecast that Eversource Energy will post 3.44 EPS for the current fiscal year.

In other news, CFO Philip J. Lembo sold 1,256 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $79.61, for a total value of $99,990.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.37% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on ES shares. Wells Fargo & Co upped their price target on Eversource Energy from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Guggenheim upgraded Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $88.00 in a research note on Wednesday, September 4th. UBS Group downgraded Eversource Energy from a “buy” rating to a “neutral” rating and set a $91.00 target price on the stock. in a research note on Tuesday, October 29th. Morgan Stanley upped their target price on Eversource Energy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, ValuEngine downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $81.45.

About Eversource Energy

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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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