Cpwm LLC Acquires Shares of 7,970 Eversource Energy (ES)

Cpwm LLC acquired a new position in Eversource Energy (NYSE:ES) during the third quarter, HoldingsChannel reports. The firm acquired 7,970 shares of the utilities provider’s stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ES. Braun Bostich & Associates Inc. boosted its holdings in Eversource Energy by 1,308.3% during the second quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock worth $109,000 after buying an additional 1,727 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Eversource Energy during the third quarter worth $117,000. O Brien Wealth Partners LLC boosted its holdings in Eversource Energy by 175.3% during the third quarter. O Brien Wealth Partners LLC now owns 1,963 shares of the utilities provider’s stock worth $121,000 after buying an additional 1,250 shares in the last quarter. Asset Advisors Investment Management LLC purchased a new stake in Eversource Energy during the third quarter worth $148,000. Finally, Qube Research & Technologies Ltd boosted its holdings in Eversource Energy by 46.8% during the second quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock worth $149,000 after buying an additional 808 shares in the last quarter. 73.59% of the stock is currently owned by hedge funds and other institutional investors.

ES opened at $69.14 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 3.57 and a beta of 0.20. Eversource Energy has a 52-week low of $52.76 and a 52-week high of $69.82.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.06 billion. Eversource Energy had a net margin of 12.51% and a return on equity of 9.32%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. On average, research analysts anticipate that Eversource Energy will post 3.27 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the stock. Credit Suisse Group raised shares of Eversource Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $62.00 to $73.00 in a report on Tuesday. Zacks Investment Research downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Barclays set a $66.00 price objective on shares of Eversource Energy and gave the company a “hold” rating in a report on Saturday, November 17th. ValuEngine raised shares of Eversource Energy from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Finally, Wells Fargo & Co increased their price objective on shares of Eversource Energy from $67.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.73.

WARNING: This story was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2018/12/07/cpwm-llc-acquires-shares-of-7970-eversource-energy-es.html.

About Eversource Energy

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.

Read More: Google Finance

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