Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 10,422 Shares of Eversource Energy (NYSE:ES)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,828 shares of the utilities provider's stock after purchasing an additional 10,422 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of Eversource Energy worth $39,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ES. Kestra Investment Management LLC acquired a new position in shares of Eversource Energy during the 4th quarter valued at $29,000. Assetmark Inc. boosted its stake in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after buying an additional 254 shares in the last quarter. Brooklyn Investment Group acquired a new position in Eversource Energy during the third quarter worth about $31,000. Venturi Wealth Management LLC raised its position in Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after acquiring an additional 301 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Eversource Energy in the 4th quarter valued at about $35,000. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Down 0.1 %

Shares of ES traded down $0.04 during trading hours on Monday, reaching $60.90. The company's stock had a trading volume of 1,641,663 shares, compared to its average volume of 2,173,990. The company has a 50 day moving average of $60.04 and a two-hundred day moving average of $61.75. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.35 and a beta of 0.60. Eversource Energy has a 1-year low of $54.75 and a 1-year high of $69.01.

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Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates 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 predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.94%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is presently 130.30%.

Insider Buying and Selling

In other news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. This trade represents 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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ES shares. Scotiabank lowered their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target 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. Guggenheim restated a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. StockNews.com downgraded Eversource Energy from a "hold" rating to a "sell" rating in a report on Friday. Finally, Jefferies Financial Group decreased their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Three 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.45.

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.