Eversource Energy (ES) Shares Sold by Tdam USA Inc.
Tdam USA Inc. decreased its stake in shares of Eversource Energy (NYSE:ES) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 395,595 shares of the utilities provider’s stock after selling 19,185 shares during the period. Eversource Energy comprises 1.2% of Tdam USA Inc.’s portfolio, making the stock its 21st largest position. Tdam USA Inc.’s holdings in Eversource Energy were worth $24,013,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the stock. Teachers Advisors LLC raised its stake in shares of Eversource Energy by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 566,706 shares of the utilities provider’s stock valued at $31,299,000 after buying an additional 39,988 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Eversource Energy by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 273,276 shares of the utilities provider’s stock valued at $16,063,000 after buying an additional 7,419 shares during the period. Union Bankshares Corp raised its stake in shares of Eversource Energy by 12.1% in the first quarter. Union Bankshares Corp now owns 74,798 shares of the utilities provider’s stock valued at $4,397,000 after buying an additional 8,071 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Eversource Energy by 5.0% in the first quarter. Quadrant Capital Group LLC now owns 2,999 shares of the utilities provider’s stock valued at $170,000 after buying an additional 143 shares during the period. Finally, National Pension Service raised its stake in shares of Eversource Energy by 5.0% in the first quarter. National Pension Service now owns 281,316 shares of the utilities provider’s stock valued at $16,491,000 after buying an additional 13,452 shares during the period. 71.03% of the stock is owned by hedge funds and other institutional investors.
Eversource Energy (NYSE:ES) opened at 61.58 on Monday. The firm has a 50-day moving average price of $61.15 and a 200 day moving average price of $59.31. Eversource Energy has a 52 week low of $50.56 and a 52 week high of $63.34. The company has a market cap of $19.52 billion, a P/E ratio of 19.93 and a beta of 0.28.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. Eversource Energy’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. Analysts expect that Eversource Energy will post $3.16 EPS for the current fiscal year.
Several equities research analysts recently weighed in on ES shares. Zacks Investment Research lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Deutsche Bank AG lifted their price objective on Eversource Energy from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Citigroup Inc. lifted their price objective on Eversource Energy from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. BMO Capital Markets lifted their price objective on Eversource Energy from $57.00 to $61.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $66.00 price objective (up previously from $62.00) on shares of Eversource Energy in a report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $62.75.
In other Eversource Energy news, VP Werner J. Schweiger sold 36,736 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $62.00, for a total value of $2,277,632.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.
Eversource Energy Company Profile
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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