Eversource Energy (NYSE:ES) Stake Increased by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in shares of Eversource Energy (NYSE:ES) by 1,079.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,500 shares of the utilities provider’s stock after purchasing an additional 87,400 shares during the quarter. Two Sigma Advisers LP’s holdings in Eversource Energy were worth $5,485,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Barclays PLC increased its position in Eversource Energy by 15.9% during the third quarter. Barclays PLC now owns 1,095,966 shares of the utilities provider’s stock worth $74,582,000 after buying an additional 150,535 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Eversource Energy by 35.6% during the 4th quarter. Merit Financial Group LLC now owns 6,131 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 1,611 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 197 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Eversource Energy by 34.2% during the 4th quarter. Ballentine Partners LLC now owns 5,657 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 1,443 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Eversource Energy by 12.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 73,096 shares of the utilities provider’s stock valued at $4,198,000 after acquiring an additional 7,967 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the transaction, the executive vice president now directly owns 10,988 shares of the company’s stock, valued at approximately $703,232. This trade represents a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $63.45 on Friday. 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 $23.31 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The firm has a fifty day moving average price of $59.88 and a two-hundred day moving average price of $59.84. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the company earned $1.49 earnings per share. The firm’s revenue was up 23.6% on a year-over-year basis. Analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy’s payout ratio is presently 129.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group decreased their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Wall Street Zen upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Finally, Wells Fargo & Company decreased their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and an average target price of $65.78.

Eversource Energy Company 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.