Janney Montgomery Scott LLC Acquires 3,220 Shares of Eversource Energy (NYSE:ES)

Janney Montgomery Scott LLC boosted its holdings in Eversource Energy (NYSE:ES) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,150 shares of the utilities provider’s stock after buying an additional 3,220 shares during the period. Janney Montgomery Scott LLC’s holdings in Eversource Energy were worth $4,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ES. Bremer Bank National Association bought a new position in Eversource Energy in the 1st quarter worth approximately $28,000. Centersquare Investment Management LLC grew its holdings in shares of Eversource Energy by 368,643.4% during the 1st quarter. Centersquare Investment Management LLC now owns 3,576,811 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 3,575,841 shares in the last quarter. Next Capital Management LLC acquired a new stake in shares of Eversource Energy during the 1st quarter worth approximately $40,000. Hexavest Inc. acquired a new stake in shares of Eversource Energy during the 2nd quarter worth approximately $42,000. Finally, Carroll Financial Associates Inc. grew its holdings in shares of Eversource Energy by 55.3% during the 1st quarter. Carroll Financial Associates Inc. now owns 713 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 254 shares in the last quarter. 74.17% of the stock is currently owned by institutional investors.

ES stock traded up $0.31 during trading on Wednesday, hitting $78.22. The company had a trading volume of 182,340 shares, compared to its average volume of 1,701,774. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $25.18 billion, a P/E ratio of 23.85, a P/E/G ratio of 4.06 and a beta of 0.23. The firm’s fifty day moving average is $76.96. Eversource Energy has a fifty-two week low of $60.15 and a fifty-two week high of $78.88.



Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. Eversource Energy had a return on equity of 9.24% and a net margin of 10.00%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. As a group, analysts expect that Eversource Energy will post 3.43 earnings per share for the current year.

ES has been the topic of several recent research reports. Morgan Stanley lifted their price objective on Eversource Energy from $74.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, June 14th. KeyCorp assumed coverage on Eversource Energy in a report on Tuesday, June 4th. They set an “overweight” rating and a $80.00 price objective on the stock. Wells Fargo & Co boosted their price target on Eversource Energy from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. UBS Group boosted their price target on Eversource Energy from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, Credit Suisse Group set a $76.00 price target on Eversource Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $76.42.

In other Eversource Energy news, VP Gregory B. Butler sold 8,298 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $77.30, for a total value of $641,435.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.37% of the stock is currently owned by insiders.

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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