Eversource Energy (NYSE:ES) COO Werner J. Schweiger sold 10,098 shares of Eversource Energy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $64.68, for a total value of $653,138.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Eversource Energy (ES) opened at $65.81 on Wednesday. The stock has a market capitalization of $20,521.53, a price-to-earnings ratio of 21.03, a P/E/G ratio of 3.47 and a beta of 0.31. Eversource Energy has a fifty-two week low of $50.56 and a fifty-two week high of $65.85. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95.
Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. research analysts anticipate that Eversource Energy will post 3.15 EPS for the current year.
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ES has been the subject of a number of research reports. Janney Montgomery Scott set a $71.00 price objective on Eversource Energy and gave the company a “buy” rating in a research note on Monday, July 31st. Williams Capital lifted their price objective on Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Morgan Stanley lifted their price objective on Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. BidaskClub raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Deutsche Bank AG cut Eversource Energy from a “buy” rating to a “hold” rating and lifted their price objective for the company from $61.00 to $61.50 in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.06.
Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its holdings in Eversource Energy by 1.7% in the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 32 shares during the period. Risk Paradigm Group LLC boosted its holdings in Eversource Energy by 111.7% in the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 1,117 shares during the period. Sun Life Financial INC boosted 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 valued at $140,000 after purchasing an additional 2,304 shares during the period. WFG Advisors LP boosted 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 valued at $149,000 after purchasing an additional 1,380 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted 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 valued at $199,000 after purchasing an additional 1,265 shares during the period. Hedge funds and other institutional investors own 72.43% of the company’s stock.
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, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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