Dupont Capital Management Corp Has $2.18 Million Holdings in Eversource Energy (ES)
Dupont Capital Management Corp lessened its stake in Eversource Energy (NYSE:ES) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,009 shares of the utilities provider’s stock after selling 5,230 shares during the quarter. Dupont Capital Management Corp’s holdings in Eversource Energy were worth $2,176,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Andra AP fonden boosted its holdings in Eversource Energy by 9.4% in the 3rd quarter. Andra AP fonden now owns 145,300 shares of the utilities provider’s stock worth $8,782,000 after acquiring an additional 12,500 shares during the period. Baillie Gifford & Co. boosted its holdings in Eversource Energy by 1.3% in the 3rd quarter. Baillie Gifford & Co. now owns 246,603 shares of the utilities provider’s stock worth $14,905,000 after acquiring an additional 3,139 shares during the period. Parametrica Management Ltd purchased a new position in Eversource Energy in the 3rd quarter worth approximately $394,000. Victory Capital Management Inc. boosted its holdings in Eversource Energy by 40.3% in the 3rd quarter. Victory Capital Management Inc. now owns 228,511 shares of the utilities provider’s stock worth $13,811,000 after acquiring an additional 65,679 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Eversource Energy in the 3rd quarter worth approximately $2,805,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Eversource Energy (NYSE:ES) opened at $64.52 on Wednesday. The stock has a market capitalization of $20,185.63, a PE ratio of 20.68, a P/E/G ratio of 3.41 and a beta of 0.31. Eversource Energy has a fifty-two week low of $50.56 and a fifty-two week high of $64.61. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. Eversource Energy had a return on equity of 9.00% and a net margin of 12.84%. Eversource Energy’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. analysts anticipate that Eversource Energy will post 3.15 EPS for the current year.
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A number of equities analysts have weighed in on the company. BidaskClub upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Bank of America Corporation started coverage on Eversource Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $62.00 target price for the company. Morgan Stanley increased their target price on Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Deutsche Bank AG cut Eversource Energy from a “buy” rating to a “hold” rating and increased their target price for the company from $61.00 to $61.50 in a research note on Monday, July 31st. Finally, Janney Montgomery Scott set a $71.00 target price on Eversource Energy and gave the company a “buy” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Eversource Energy presently has a consensus rating of “Hold” and an average price target of $64.06.
Eversource Energy 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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