Eversource Energy (NYSE:ES) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in Eversource Energy (NYSE:ES) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,237 shares of the utilities provider’s stock after acquiring an additional 650 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Eversource Energy were worth $1,131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ES. MUFG Americas Holdings Corp grew its position in shares of Eversource Energy by 21.5% in the second quarter. MUFG Americas Holdings Corp now owns 735 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 130 shares during the period. Harvest Group Wealth Management LLC grew its position in shares of Eversource Energy by 1.1% in the third quarter. Harvest Group Wealth Management LLC now owns 12,080 shares of the utilities provider’s stock valued at $1,032,000 after purchasing an additional 133 shares during the period. Wetherby Asset Management Inc. grew its position in shares of Eversource Energy by 1.6% in the third quarter. Wetherby Asset Management Inc. now owns 8,786 shares of the utilities provider’s stock valued at $751,000 after purchasing an additional 137 shares during the period. Next Capital Management LLC grew its position in shares of Eversource Energy by 24.7% in the second quarter. Next Capital Management LLC now owns 696 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 138 shares during the period. Finally, 6 Meridian grew its position in shares of Eversource Energy by 2.0% in the second quarter. 6 Meridian now owns 7,233 shares of the utilities provider’s stock valued at $548,000 after purchasing an additional 140 shares during the period. 78.47% of the stock is owned by institutional investors.

Shares of NYSE:ES opened at $79.29 on Tuesday. Eversource Energy has a one year low of $62.61 and a one year high of $86.55. The stock has a fifty day moving average of $84.20 and a 200-day moving average of $78.58. The company has a market capitalization of $25.71 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 4.08 and a beta of 0.17. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.54 and a current ratio of 0.59.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Eversource Energy had a return on equity of 9.28% and a net margin of 10.46%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, research analysts forecast that Eversource Energy will post 3.46 EPS for the current fiscal year.

A number of equities research analysts have issued reports on ES shares. Morgan Stanley boosted their price target on Eversource Energy from $80.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Bank of America set a $78.00 price target on Eversource Energy and gave the stock a “sell” rating in a research note on Monday, July 15th. Guggenheim upgraded Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $88.00 in a research note on Wednesday, September 4th. ValuEngine cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, KeyCorp boosted their price target on Eversource Energy from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.45.

In related news, CFO Philip J. Lembo sold 1,256 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $79.61, for a total transaction of $99,990.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.

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

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