New York State Teachers Retirement System Sells 9,260 Shares of Eversource Energy (NYSE:ES)

New York State Teachers Retirement System lessened its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 293,386 shares of the utilities provider's stock after selling 9,260 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Eversource Energy worth $16,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Eversource Energy during the third quarter worth $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy in the third quarter worth $32,000. Larson Financial Group LLC grew its stake in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after purchasing an additional 350 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after purchasing an additional 197 shares during the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of Eversource Energy in the fourth quarter worth $41,000. Institutional investors own 79.99% of the company's stock.

Analysts Set New Price Targets

ES has been the topic of several analyst reports. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Wells Fargo & Company reduced their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. StockNews.com cut shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Scotiabank reduced their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Finally, Barclays dropped their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $67.45.

Eversource Energy Stock Up 1.1 %

Shares of ES stock traded up $0.69 on Thursday, reaching $63.39. 3,294,079 shares of the company were exchanged, compared to its average volume of 3,146,949. The company has a market cap of $23.25 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.36 and a beta of 0.62. The company has a 50-day moving average of $58.04 and a 200-day moving average of $62.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a one year low of $54.75 and a one year high of $69.01.

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 (EPS) 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 11.04%. Analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business 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. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Tuesday, March 4th. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is 130.30%.

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.