Eversource Energy (NYSE:ES) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,946 shares of the utilities provider's stock after selling 18,581 shares during the quarter. Entropy Technologies LP's holdings in Eversource Energy were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ES. Wellington Management Group LLP purchased a new stake in Eversource Energy during the 3rd quarter valued at approximately $808,783,000. National Bank of Canada FI grew its holdings in shares of Eversource Energy by 446.0% in the third quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider's stock valued at $51,019,000 after purchasing an additional 612,421 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock valued at $99,554,000 after purchasing an additional 510,582 shares in the last quarter. State Street Corp grew its holdings in shares of Eversource Energy by 1.7% in the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider's stock valued at $1,737,990,000 after purchasing an additional 430,587 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of Eversource Energy by 518.1% in the third quarter. Retirement Systems of Alabama now owns 480,278 shares of the utilities provider's stock valued at $32,683,000 after purchasing an additional 402,574 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 1.5 %

Shares of Eversource Energy stock traded down $0.93 during trading on Friday, hitting $61.57. 3,268,740 shares of the stock traded hands, compared to its average volume of 3,088,778. The firm has a market cap of $22.56 billion, a P/E ratio of -39.22, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The stock's fifty day simple moving average is $57.95 and its 200 day simple moving average is $62.66.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. On average, equities analysts predict that Eversource Energy will post 4.56 earnings per share 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 paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is -182.17%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ES. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Barclays lowered their price target on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company 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 Thursday. Wells Fargo & Company lowered their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Jefferies Financial Group lowered 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $67.00.

About Eversource Energy

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.