AlphaQuest LLC Lowers Holdings in Eversource Energy (NYSE:ES)

AlphaQuest LLC trimmed its position in shares of Eversource Energy (NYSE:ES - Free Report) by 82.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,388 shares of the utilities provider's stock after selling 44,920 shares during the quarter. AlphaQuest LLC's holdings in Eversource Energy were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ES. Brown Brothers Harriman & Co. raised its position in shares of Eversource Energy by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider's stock valued at $418,000 after purchasing an additional 166 shares during the period. Exchange Traded Concepts LLC raised its holdings in Eversource Energy by 10.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock valued at $107,000 after acquiring an additional 176 shares during the period. UMB Bank n.a. lifted its position in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 197 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Eversource Energy by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock worth $281,000 after acquiring an additional 216 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Eversource Energy by 1.9% in the third quarter. Fisher Asset Management LLC now owns 12,306 shares of the utilities provider's stock worth $837,000 after acquiring an additional 232 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the sale, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jay S. Buth sold 980 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the sale, the vice president now owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ES shares. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Barclays decreased their price objective on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. StockNews.com downgraded Eversource Energy from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Wells Fargo & Company cut their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Finally, Scotiabank lowered their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $67.45.

Eversource Energy Stock Up 1.1 %

Shares of NYSE:ES traded up $0.65 during trading hours on Thursday, hitting $60.10. The company's stock had a trading volume of 2,172,087 shares, compared to its average volume of 2,205,422. The firm's fifty day moving average price is $59.34 and its 200 day moving average price is $62.12. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. As a group, research analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 5.01%. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio (DPR) is presently 130.30%.

Eversource Energy Profile

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.