Bridgeworth LLC Raises Position in Eversource Energy (ES)

Bridgeworth LLC increased its stake in shares of Eversource Energy (NYSE:ES) by 993.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,985 shares of the utilities provider’s stock after buying an additional 7,255 shares during the period. Bridgeworth LLC’s holdings in Eversource Energy were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ES. Qube Research & Technologies Ltd raised its holdings in Eversource Energy by 46.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 808 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Eversource Energy by 5.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 15,391 shares of the utilities provider’s stock worth $946,000 after purchasing an additional 830 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Eversource Energy by 1.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 44,607 shares of the utilities provider’s stock worth $2,741,000 after purchasing an additional 851 shares during the last quarter. Girard Partners LTD. increased its stake in shares of Eversource Energy by 21.4% in the 2nd quarter. Girard Partners LTD. now owns 5,017 shares of the utilities provider’s stock valued at $294,000 after acquiring an additional 884 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Eversource Energy by 18.6% in the 3rd quarter. Huntington National Bank now owns 5,742 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 899 shares during the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.

In other Eversource Energy news, EVP Leon J. Olivier sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $62.03, for a total transaction of $3,101,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

NYSE:ES opened at $66.42 on Friday. Eversource Energy has a twelve month low of $52.76 and a twelve month high of $68.31. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.54. The company has a market cap of $21.05 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 3.43 and a beta of 0.16.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. Eversource Energy had a return on equity of 9.32% and a net margin of 12.51%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that Eversource Energy will post 3.26 earnings per share for the current fiscal year.

Several brokerages recently issued reports on ES. ValuEngine upgraded Eversource Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Morgan Stanley boosted their price objective on Eversource Energy from $63.00 to $67.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Barclays began coverage on Eversource Energy in a research report on Monday, October 22nd. They issued a “hold” rating and a $64.00 price objective for the company. Citigroup boosted their price objective on Eversource Energy from $59.00 to $63.00 and gave the company a “hold” rating in a research report on Tuesday, September 25th. Finally, Zacks Investment Research lowered Eversource Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $63.82.

COPYRIGHT VIOLATION NOTICE: “Bridgeworth LLC Raises Position in Eversource Energy (ES)” was posted by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.wkrb13.com/2018/11/23/bridgeworth-llc-raises-position-in-eversource-energy-es.html.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

Recommended Story: Debt-To-Equity Ratio

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply