Trexquant Investment LP Sells 23,338 Shares of Eversource Energy (NYSE:ES)

Trexquant Investment LP decreased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 65.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,493 shares of the utilities provider's stock after selling 23,338 shares during the period. Trexquant Investment LP's holdings in Eversource Energy were worth $717,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Eversource Energy by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after buying an additional 1,387,072 shares in the last quarter. Wellington Management Group LLP increased its stake in Eversource Energy by 38.6% in the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after acquiring an additional 4,585,232 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Eversource Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock valued at $570,500,000 after purchasing an additional 226,972 shares in the last quarter. Geode Capital Management LLC raised its position in Eversource Energy by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock valued at $547,550,000 after purchasing an additional 517,042 shares in the last quarter. Finally, Amundi lifted its stake in Eversource Energy by 32.2% during the fourth quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock worth $367,691,000 after purchasing an additional 1,579,818 shares during the last quarter. Institutional investors own 79.99% of the company's stock.

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Insider Activity at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the firm'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 completion of the transaction, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the company's stock in a transaction 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 completion of the sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ES. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Wells Fargo & Company cut their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Scotiabank decreased their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday, February 13th. Finally, Barclays lowered their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $65.78.

Eversource Energy Trading Down 0.8 %

Shares of ES stock traded down $0.49 during mid-day trading on Tuesday, reaching $57.99. The stock had a trading volume of 2,162,213 shares, compared to its average volume of 2,325,729. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The stock's 50-day moving average price is $60.41 and its two-hundred day moving average price is $60.74. The firm has a market capitalization of $21.29 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (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%. Equities analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend was Tuesday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is currently 130.30%.

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.