State of Tennessee Treasury Department lessened its stake in Eversource Energy (NYSE:ES) by 31.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,314 shares of the utilities provider’s stock after selling 36,799 shares during the period. State of Tennessee Treasury Department’s holdings in Eversource Energy were worth $5,627,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Moors & Cabot Inc. increased its stake in Eversource Energy by 98.8% during the first quarter. Moors & Cabot Inc. now owns 94,148 shares of the utilities provider’s stock valued at $6,666,000 after purchasing an additional 46,790 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Eversource Energy by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 130,650 shares of the utilities provider’s stock valued at $8,497,000 after purchasing an additional 1,234 shares during the last quarter. Magellan Asset Management Ltd grew its position in shares of Eversource Energy by 14.3% during the fourth quarter. Magellan Asset Management Ltd now owns 2,831,554 shares of the utilities provider’s stock worth $184,164,000 after acquiring an additional 354,280 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of Eversource Energy by 262.6% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 41,700 shares of the utilities provider’s stock worth $2,712,000 after acquiring an additional 30,200 shares during the last quarter. Finally, ERn Financial LLC bought a new position in shares of Eversource Energy during the fourth quarter worth about $4,296,000. Institutional investors and hedge funds own 73.75% of the company’s stock.

Several equities analysts have recently commented on ES shares. Morgan Stanley upped their price target on shares of Eversource Energy from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Scotiabank reaffirmed a “sell” rating and issued a $63.00 price objective on shares of Eversource Energy in a report on Thursday, February 21st. Guggenheim downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Bank of America downgraded shares of Eversource Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price target for the company. in a report on Monday, February 25th. Finally, Macquarie raised shares of Eversource Energy from a “neutral” rating to an “outperform” rating and set a $73.00 price target for the company in a report on Monday, March 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.00.

In other Eversource Energy news, EVP Leon J. Olivier sold 7,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $72.95, for a total transaction of $510,650.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

NYSE ES traded up $1.08 on Wednesday, hitting $76.56. 34,051 shares of the company were exchanged, compared to its average volume of 1,718,455. The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 1.06. The company has a market cap of $24.21 billion, a PE ratio of 23.31, a PEG ratio of 3.86 and a beta of 0.26. Eversource Energy has a twelve month low of $52.79 and a twelve month high of $77.73.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.06. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.26 billion. Eversource Energy had a return on equity of 9.43% and a net margin of 12.50%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. Research analysts forecast that Eversource Energy will post 3.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.535 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $2.14 annualized dividend and a yield of 2.80%. Eversource Energy’s payout ratio is presently 65.24%.

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Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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