Sat Oct 12 13:20:00 UTC 2024: ## SG Americas Securities Boosts Eversource Energy Stake by 127.7% in Q3

**[City, State] –** SG Americas Securities LLC significantly increased its holdings in Eversource Energy (NYSE: ES) during the third quarter, according to a recent Form 13F filing. The firm purchased an additional 64,039 shares, resulting in a 127.7% increase in their stake and ownership of 114,201 shares. This represents a total investment worth $7,771,000 as of the latest SEC filing.

This move by SG Americas Securities follows a trend of institutional investors adjusting their positions in Eversource Energy. Mitsubishi UFJ Trust & Banking Corp, for instance, boosted its holdings by 65% in the first quarter, while Public Sector Pension Investment Board increased its stake by 0.6% in the second quarter.

Other notable investors include Bank of New York Mellon Corp, which raised its position by 12.7% in the second quarter, and ClearBridge Investments Ltd, which acquired a new position in the first quarter valued at approximately $156,093,000.

Eversource Energy’s stock price closed at $65.38 on Friday, experiencing a slight decline of $0.51 during midday trading. While the stock saw a trading volume of 1,593,769 shares, this fell short of its average volume of 2,446,338.

In its latest earnings report, the utilities provider reported $0.95 earnings per share for the quarter, meeting analysts’ expectations. However, revenue came in lower than anticipated at $2.53 billion, compared to the estimated $2.90 billion.

Despite the mixed earnings, analysts remain cautiously optimistic about Eversource Energy’s future. While several research firms have raised their price targets, the stock currently holds a “Hold” rating with an average price target of $70.00.

This news comes amidst a broader trend of institutional investors showing interest in Eversource Energy, a public utility holding company engaged in energy delivery. The company operates through various segments, including Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution.

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