New York State Common Retirement Fund Sells 8,000 Shares of Eversource Energy (NYSE:ES)

New York State Common Retirement Fund lowered its position in Eversource Energy (NYSE:ES - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 630,460 shares of the utilities provider's stock after selling 8,000 shares during the period. New York State Common Retirement Fund owned about 0.17% of Eversource Energy worth $36,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in Eversource Energy in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Eversource Energy in the third quarter worth $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $32,000. Venturi Wealth Management LLC increased its stake in shares of Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 301 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after acquiring an additional 350 shares during the period. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 0.0 %

Shares of ES stock traded up $0.03 during trading hours on Friday, reaching $63.41. The company had a trading volume of 3,830,695 shares, compared to its average volume of 3,167,062. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $23.26 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01. The business has a fifty day simple moving average of $58.12 and a 200-day simple moving average of $62.55.

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, beating 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%. On average, research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 4.75%. Eversource Energy's dividend payout ratio is 123.81%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ES shares. Scotiabank cut their target price on 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. Barclays decreased their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company decreased their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday. Finally, Jefferies Financial Group dropped their price objective on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.45.

Insider Activity at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

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.