AMF Tjanstepension AB Sells 196,610 Shares of Eversource Energy (NYSE:ES)

AMF Tjanstepension AB trimmed its position in shares of Eversource Energy (NYSE:ES - Free Report) by 57.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,021 shares of the utilities provider's stock after selling 196,610 shares during the period. AMF Tjanstepension AB's holdings in Eversource Energy were worth $8,229,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. QRG Capital Management Inc. lifted its holdings in Eversource Energy by 13.7% in the 3rd quarter. QRG Capital Management Inc. now owns 10,127 shares of the utilities provider's stock worth $689,000 after purchasing an additional 1,222 shares in the last quarter. Graypoint LLC boosted its position in shares of Eversource Energy by 9.2% during the third quarter. Graypoint LLC now owns 4,084 shares of the utilities provider's stock worth $278,000 after acquiring an additional 344 shares during the last quarter. Principal Financial Group Inc. grew its stake in Eversource Energy by 4.5% during the third quarter. Principal Financial Group Inc. now owns 413,874 shares of the utilities provider's stock valued at $28,164,000 after acquiring an additional 17,654 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Eversource Energy in the 3rd quarter valued at $49,000. Finally, SpiderRock Advisors LLC lifted its stake in Eversource Energy by 81.2% in the 3rd quarter. SpiderRock Advisors LLC now owns 8,360 shares of the utilities provider's stock worth $569,000 after purchasing an additional 3,746 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

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Eversource Energy Trading Down 1.8 %

Shares of ES stock traded down $1.08 during trading hours on Wednesday, reaching $59.47. 2,084,930 shares of the stock were exchanged, compared to its average volume of 2,209,256. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. The company's 50-day moving average price is $59.24 and its 200-day moving average price is $62.15. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

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

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Tuesday, March 4th. Eversource Energy's payout ratio is currently 130.30%.

Analysts Set New Price Targets

ES has been the topic of several research reports. Barclays reduced their target price on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. StockNews.com downgraded Eversource Energy from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Wells Fargo & Company lowered 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. Guggenheim restated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, Jefferies Financial Group decreased their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $67.45.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of Eversource Energy 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 completion of the sale, the vice president now directly owns 24,374 shares of the company's stock, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction 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 transaction, the insider now directly owns 22,671 shares in the company, valued at $1,411,496.46. The trade was 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 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.