Howland Capital Management LLC Reduces Position in Eversource Energy (ES)
Howland Capital Management LLC cut its position in shares of Eversource Energy (NYSE:ES) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,449 shares of the company’s stock after selling 1,170 shares during the period. Howland Capital Management LLC owned 0.06% of Eversource Energy worth $10,589,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. MSI Financial Services Inc raised its stake in shares of Eversource Energy by 5.3% in the third quarter. MSI Financial Services Inc now owns 21,964 shares of the company’s stock worth $1,190,000 after buying an additional 1,112 shares in the last quarter. First PREMIER Bank raised its stake in shares of Eversource Energy by 0.8% in the third quarter. First PREMIER Bank now owns 24,874 shares of the company’s stock worth $1,348,000 after buying an additional 190 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Eversource Energy by 51.0% in the third quarter. Nisa Investment Advisors LLC now owns 47,364 shares of the company’s stock worth $2,566,000 after buying an additional 16,000 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Eversource Energy by 2.5% in the third quarter. Capstone Asset Management Co. now owns 32,414 shares of the company’s stock worth $1,756,000 after buying an additional 780 shares in the last quarter. Finally, Pensionfund Sabic bought a new stake in shares of Eversource Energy during the third quarter worth $1,734,000. 68.85% of the stock is owned by institutional investors and hedge funds.
Eversource Energy (NYSE:ES) traded up 2.38% during midday trading on Monday, reaching $53.84. 2,219,413 shares of the company traded hands. The company has a 50 day moving average of $53.20 and a 200-day moving average of $55.53. Eversource Energy has a 12-month low of $48.18 and a 12-month high of $60.44. The stock has a market capitalization of $17.06 billion, a P/E ratio of 19.16 and a beta of 0.31.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. The business earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Eversource Energy had a net margin of 11.85% and a return on equity of 8.61%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. Equities analysts anticipate that Eversource Energy will post $2.98 EPS for the current fiscal year.
A number of brokerages have issued reports on ES. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 21st. Argus reaffirmed a “buy” rating and issued a $59.00 price objective (down from $64.00) on shares of Eversource Energy in a research note on Wednesday, October 12th. Barclays PLC reduced their price objective on shares of Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 4th. Citigroup Inc. reduced their price objective on shares of Eversource Energy from $61.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Finally, Williams Capital reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Friday, September 2nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $59.67.
In related news, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $54.77, for a total transaction of $547,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.89% of the company’s stock.
About Eversource Energy
Eversource Energy, formerly Northeast Utilities, 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.
Receive News & Stock Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related stocks with our FREE daily email newsletter.