Eversource Energy (ES) Shares Sold by Vaughan David Investments Inc. IL

Vaughan David Investments Inc. IL lowered its position in Eversource Energy (NYSE:ES) by 98.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,046 shares of the utilities provider’s stock after selling 343,558 shares during the quarter. Vaughan David Investments Inc. IL’s holdings in Eversource Energy were worth $265,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ES. Advisory Services Network LLC lifted its holdings in Eversource Energy by 1.7% during the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after buying an additional 32 shares during the period. Sun Life Financial INC lifted its holdings in Eversource Energy by 23,040.0% during the second quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock worth $140,000 after buying an additional 2,304 shares during the period. WFG Advisors LP lifted its holdings in Eversource Energy by 127.8% during the second quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock worth $149,000 after buying an additional 1,380 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Eversource Energy by 63.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock worth $199,000 after buying an additional 1,265 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Eversource Energy during the second quarter worth $200,000. 72.43% of the stock is currently owned by institutional investors.

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In related news, COO Werner J. Schweiger sold 10,098 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total value of $653,138.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

Shares of Eversource Energy (NYSE ES) traded down $0.68 on Friday, hitting $64.21. The stock had a trading volume of 1,601,024 shares, compared to its average volume of 1,413,472. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $66.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market cap of $20,560.00, a price-to-earnings ratio of 21.37, a PEG ratio of 3.53 and a beta of 0.31.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. research analysts forecast that Eversource Energy will post 3.15 earnings per share for the current fiscal year.

A number of research firms have weighed in on ES. BidaskClub upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Morgan Stanley upped their target price on Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Deutsche Bank AG lowered Eversource Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from $61.00 to $61.50 in a report on Monday, July 31st. Janney Montgomery Scott set a $71.00 target price on Eversource Energy and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Bank of America Corporation initiated coverage on Eversource Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $64.06.

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.

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

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