Eversource Energy (NYSE:ES) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 166.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,228 shares of the utilities provider's stock after purchasing an additional 63,250 shares during the period. ExodusPoint Capital Management LP's holdings in Eversource Energy were worth $5,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Kestra Investment Management LLC acquired a new position in Eversource Energy in the fourth quarter valued at about $29,000. Assetmark Inc. lifted its holdings in shares of Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after acquiring an additional 254 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Eversource Energy by 104.5% during the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after purchasing an additional 301 shares during the period. OFI Invest Asset Management acquired a new stake in Eversource Energy in the 4th quarter valued at approximately $35,000. Finally, UMB Bank n.a. raised its position in 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 purchasing an additional 197 shares during the period. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 2.0 %

Shares of NYSE:ES traded down $1.11 on Thursday, hitting $55.20. 1,011,309 shares of the company's stock were exchanged, compared to its average volume of 2,310,044. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The company has a market capitalization of $20.26 billion, a PE ratio of 23.89, a P/E/G ratio of 2.35 and a beta of 0.58. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The firm's 50-day moving average is $60.50 and its 200 day moving average is $60.98.

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Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were given a dividend of $0.7525 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.45%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is 130.30%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. 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. Wells Fargo & Company dropped their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday. Jefferies Financial Group dropped their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com lowered shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Sunday. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Eversource Energy currently has an average rating of "Hold" and a consensus target price of $66.50.

Insider Activity

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the company's 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 sale, the insider now owns 22,671 shares of the company's stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Eversource Energy Company 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.