Eversource Energy (NYSE:ES) Shares Sold by Trexquant Investment LP

Trexquant Investment LP reduced its holdings in shares of Eversource Energy (NYSE:ES) by 65.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,493 shares of the utilities provider’s stock after selling 23,338 shares during the period. Trexquant Investment LP’s holdings in Eversource Energy were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ES. MML Investors Services LLC lifted its stake in shares of Eversource Energy by 39.5% during the third quarter. MML Investors Services LLC now owns 21,435 shares of the utilities provider’s stock worth $1,459,000 after buying an additional 6,069 shares during the period. Barclays PLC lifted its position in Eversource Energy by 15.9% during the 3rd quarter. Barclays PLC now owns 1,095,966 shares of the utilities provider’s stock worth $74,582,000 after acquiring an additional 150,535 shares during the period. Geode Capital Management LLC grew its stake in Eversource Energy by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider’s stock valued at $613,233,000 after purchasing an additional 268,588 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Eversource Energy by 11.3% in the third quarter. Coldstream Capital Management Inc. now owns 8,830 shares of the utilities provider’s stock valued at $598,000 after purchasing an additional 899 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of Eversource Energy by 42.5% in the third quarter. Toronto Dominion Bank now owns 191,808 shares of the utilities provider’s stock worth $13,053,000 after purchasing an additional 57,161 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 owns 22,671 shares of the company’s stock, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was 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 directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This represents 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 owned by company insiders.

Wall Street Analyst Weigh In

ES has been the topic of a number of recent research reports. Jefferies Financial Group dropped their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday. Finally, Barclays reduced their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $65.78.

Eversource Energy Stock Up 1.0 %

Shares of ES opened at $56.27 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market cap of $20.66 billion, a P/E ratio of 24.36, a PEG ratio of 2.35 and a beta of 0.58. The stock’s 50 day moving average is $60.41 and its two-hundred day moving average is $60.84. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS 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%. Analysts predict 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 was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were issued a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 5.35%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy’s payout ratio is presently 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.