Jump Financial LLC Purchases 7,336 Shares of Eversource Energy (NYSE:ES)

Jump Financial LLC boosted its position in Eversource Energy (NYSE:ES) by 100.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,650 shares of the utilities provider’s stock after purchasing an additional 7,336 shares during the period. Jump Financial LLC’s holdings in Eversource Energy were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ES. Barclays PLC lifted its holdings in Eversource Energy by 15.9% during the 3rd quarter. Barclays PLC now owns 1,095,966 shares of the utilities provider’s stock valued at $74,582,000 after buying an additional 150,535 shares in the last quarter. Bard Financial Services Inc. raised its stake in shares of Eversource Energy by 244.9% during the third quarter. Bard Financial Services Inc. now owns 21,715 shares of the utilities provider’s stock valued at $1,478,000 after acquiring an additional 15,419 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Eversource Energy in the third quarter valued at approximately $277,000. Wilmington Savings Fund Society FSB bought a new position in Eversource Energy in the third quarter worth approximately $270,000. Finally, Tidal Investments LLC increased its holdings in Eversource Energy by 5.2% during the 3rd quarter. Tidal Investments LLC now owns 13,849 shares of the utilities provider’s stock worth $942,000 after purchasing an additional 689 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling at Eversource Energy

In related news, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the transaction, the vice president now owns 24,374 shares of the company’s stock, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ES. Jefferies Financial Group lowered their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. 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. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Monday, April 14th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average target price of $65.78.

Eversource Energy Trading Down 1.9 %

Eversource Energy stock opened at $56.37 on Tuesday. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. The stock has a market cap of $20.69 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50-day moving average of $60.15 and a two-hundred day moving average of $60.41.

Eversource Energy (NYSE:ES) last released its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were given a dividend of $0.7525 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 5.34%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently 130.30%.

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.