BB&T Securities LLC Acquires 2,736 Shares of Eversource Energy (ES)
BB&T Securities LLC grew its holdings in Eversource Energy (NYSE:ES) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,763 shares of the utilities provider’s stock after purchasing an additional 2,736 shares during the quarter. BB&T Securities LLC’s holdings in Eversource Energy were worth $1,194,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Buckingham Asset Management LLC boosted its holdings in shares of Eversource Energy by 0.6% in the 2nd quarter. Buckingham Asset Management LLC now owns 4,047 shares of the utilities provider’s stock valued at $246,000 after acquiring an additional 25 shares during the last quarter. MAI Capital Management boosted its holdings in Eversource Energy by 0.6% during the second quarter. MAI Capital Management now owns 4,408 shares of the utilities provider’s stock worth $268,000 after buying an additional 25 shares in the last quarter. Advisory Services Network LLC boosted 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 in the last quarter. Daiwa Securities Group Inc. raised its position in Eversource Energy by 0.6% during the second quarter. Daiwa Securities Group Inc. now owns 8,980 shares of the utilities provider’s stock worth $545,000 after acquiring an additional 50 shares during the period. Finally, Atlantic Trust Group LLC raised its position in Eversource Energy by 0.3% during the second quarter. Atlantic Trust Group LLC now owns 27,142 shares of the utilities provider’s stock worth $1,649,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.
ES has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Morgan Stanley increased their target price on shares of Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Credit Suisse Group increased their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Williams Capital increased their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Bank of America assumed coverage on shares of Eversource Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $62.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $64.06.
In other news, COO Werner J. Schweiger sold 10,098 shares of Eversource Energy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $64.68, for a total value of $653,138.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by company insiders.
Eversource Energy (NYSE ES) opened at $64.91 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. Eversource Energy has a 12 month low of $52.21 and a 12 month high of $66.15. The company has a market cap of $20,632.44, a P/E ratio of 21.14, a PEG ratio of 3.49 and a beta of 0.31.
Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. sell-side analysts expect that Eversource Energy will post 3.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, December 15th. This represents a $1.90 dividend on an annualized basis and a yield of 2.93%. Eversource Energy’s payout ratio is currently 61.69%.
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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