Pegasus Partners Ltd. Sells 6,370 Shares of Eversource Energy (ES)
Pegasus Partners Ltd. lowered its holdings in shares of Eversource Energy (NYSE:ES) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,008 shares of the utilities provider’s stock after selling 6,370 shares during the period. Pegasus Partners Ltd.’s holdings in Eversource Energy were worth $2,022,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Advisory Services Network LLC boosted its stake in Eversource Energy by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 32 shares during the period. Calton & Associates Inc. acquired a new stake in Eversource Energy during the 4th quarter worth $119,000. Resources Investment Advisors Inc. boosted its stake in Eversource Energy by 131.7% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 1,185 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Eversource Energy by 80.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 938 shares during the period. Finally, Risk Paradigm Group LLC raised its position in Eversource Energy by 111.7% during the 3rd quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock worth $128,000 after buying an additional 1,117 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.
Eversource Energy (NYSE ES) opened at $57.53 on Tuesday. The company has a market cap of $18,068.83, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.86 and a beta of 0.27. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Eversource Energy has a 12-month low of $55.20 and a 12-month high of $66.15.
ES has been the subject of a number of analyst reports. Williams Capital upped their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Bank of America initiated coverage on shares of Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price objective for the company. Morgan Stanley upped their price objective on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.38.
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About Eversource Energy
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, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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