Eversource Energy (NYSE:ES) EVP Christine M. Carmody sold 21,500 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $57.79, for a total value of $1,242,485.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Eversource Energy opened at $57.10 on Friday, according to Marketbeat Ratings. Eversource Energy has a one year low of $57.27 and a one year high of $57.85. The company has a market capitalization of $18.20 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 3.07 and a beta of 0.31. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.61 and a current ratio of 0.68.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.85 EPS for the quarter, meeting analysts’ consensus estimates of $0.85. Eversource Energy had a return on equity of 9.04% and a net margin of 12.58%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. analysts anticipate that Eversource Energy will post 3.25 EPS for the current year.
Several research analysts have recently weighed in on the company. Bank of America lowered their target price on Eversource Energy from $64.00 to $59.00 and set an “underperform” rating on the stock in a report on Friday, February 2nd. UBS assumed coverage on Eversource Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $66.00 target price on the stock. Guggenheim restated a “buy” rating and set a $64.00 target price on shares of Eversource Energy in a report on Friday, February 2nd. Wells Fargo restated an “outperform” rating and set a $65.00 target price (down from $72.00) on shares of Eversource Energy in a report on Monday, February 26th. Finally, Credit Suisse Group boosted their target price on Eversource Energy from $59.00 to $61.00 and gave the stock an “underperform” rating in a report on Friday, May 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Eversource Energy has a consensus rating of “Hold” and an average target price of $63.35.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in Eversource Energy by 4.1% in the first quarter. BlackRock Inc. now owns 26,232,482 shares of the utilities provider’s stock valued at $1,545,618,000 after purchasing an additional 1,031,761 shares during the period. Wells Fargo & Company MN raised its position in Eversource Energy by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 6,823,570 shares of the utilities provider’s stock valued at $431,113,000 after purchasing an additional 283,943 shares during the period. Thomaspartners Inc. raised its position in Eversource Energy by 4.5% in the first quarter. Thomaspartners Inc. now owns 4,471,212 shares of the utilities provider’s stock valued at $263,444,000 after purchasing an additional 191,651 shares during the period. Geode Capital Management LLC raised its position in Eversource Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 3,625,817 shares of the utilities provider’s stock valued at $228,627,000 after purchasing an additional 118,626 shares during the period. Finally, American Century Companies Inc. raised its position in Eversource Energy by 22.5% in the first quarter. American Century Companies Inc. now owns 3,160,329 shares of the utilities provider’s stock valued at $186,207,000 after purchasing an additional 579,827 shares during the period. 73.53% of the stock is currently owned by institutional investors.
Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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