Barclays PLC Sells 133,919 Shares of Eversource Energy (NYSE:ES)

Posted by on Aug 6th, 2023

Barclays PLC decreased its stake in Eversource Energy (NYSE:ES – Free Report) by 28.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 331,759 shares of the utilities provider’s stock after selling 133,919 shares during the period. Barclays PLC owned about 0.10% of Eversource Energy worth $25,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Delta Asset Management LLC TN purchased a new position in Eversource Energy in the 4th quarter worth $25,000. Lakewood Asset Management LLC bought a new stake in shares of Eversource Energy in the 4th quarter valued at about $25,000. Resurgent Financial Advisors LLC purchased a new stake in Eversource Energy during the 4th quarter valued at about $27,000. New Hampshire Trust bought a new stake in Eversource Energy in the fourth quarter valued at approximately $27,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Eversource Energy in the first quarter worth approximately $29,000. Hedge funds and other institutional investors own 83.25% of the company’s stock.

Eversource Energy Price Performance

ES stock opened at $67.24 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.58 and a current ratio of 0.65. The firm has a 50 day moving average price of $71.04 and a 200-day moving average price of $75.25. Eversource Energy has a 52-week low of $67.01 and a 52-week high of $94.41. The firm has a market capitalization of $23.46 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.71 and a beta of 0.47.

Eversource Energy (NYSE:ES – Get Free Report) last announced its quarterly earnings data on Monday, July 31st. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.09. Eversource Energy had a return on equity of 9.79% and a net margin of 9.28%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Eversource Energy will post 4.36 EPS for the current fiscal year.

Analysts Set New Price Targets

ES has been the subject of several analyst reports. UBS Group dropped their price target on shares of Eversource Energy from $81.00 to $75.00 in a research report on Friday, May 26th. Citigroup lowered their price target on Eversource Energy from $86.00 to $80.00 in a research report on Sunday, July 16th. Guggenheim dropped their price objective on Eversource Energy from $91.00 to $86.00 in a report on Friday, July 7th. JPMorgan Chase & Co. decreased their target price on Eversource Energy from $87.00 to $78.00 in a report on Wednesday, June 7th. Finally, Scotiabank upgraded shares of Eversource Energy from a “sector perform” rating to a “sector outperform” rating and set a $91.00 price target on the stock in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $83.33.

Eversource Energy Company Profile

(Free Report)

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

Further Reading

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

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