Teilinger Capital Ltd. acquired a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 150,000 shares of the utilities provider's stock, valued at approximately $8,614,000. Eversource Energy makes up approximately 1.5% of Teilinger Capital Ltd.'s investment portfolio, making the stock its 6th largest holding.
Several other large investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its holdings in shares of Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider's stock worth $418,000 after purchasing an additional 166 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Eversource Energy by 10.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after acquiring an additional 176 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after acquiring an additional 197 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Eversource Energy by 1.0% during the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider's stock valued at $1,368,000 after purchasing an additional 200 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in Eversource Energy by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock valued at $281,000 after purchasing an additional 216 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.
Eversource Energy Stock Performance
NYSE:ES traded down $0.92 during mid-day trading on Wednesday, hitting $58.83. 2,119,638 shares of the company's stock traded hands, compared to its average volume of 2,199,881. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. The firm has a 50 day moving average of $58.99 and a two-hundred day moving average of $62.35. 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 has a 12 month low of $54.75 and a 12 month high of $69.01.
Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. On average, equities analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.
Eversource Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 5.12%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy's payout ratio is currently 130.30%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. StockNews.com downgraded Eversource Energy from a "hold" rating to a "sell" rating in a report on Saturday. Scotiabank reduced their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target 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. Finally, Jefferies Financial Group cut their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $67.45.
Read Our Latest Stock Analysis on Eversource Energy
Insider Activity at Eversource Energy
In other news, insider Frederica M. Williams sold 3,092 shares of the 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction on Friday, February 21st. The shares were 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 of the company's stock, 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 corporate insiders.
About Eversource Energy
(
Free Report)
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.
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