Exxonmobil Investment Management Inc. TX Trims Holdings in Eversource Energy (ES)

Exxonmobil Investment Management Inc. TX trimmed its position in shares of Eversource Energy (NYSE:ES) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,386 shares of the utilities provider’s stock after selling 7,482 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Eversource Energy were worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Advisory Services Network LLC lifted its position in shares of Eversource Energy by 1.7% during the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 32 shares in the last quarter. Risk Paradigm Group LLC lifted its position in shares of Eversource Energy by 111.7% during the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 1,117 shares in the last quarter. Sun Life Financial INC lifted its position in shares of Eversource Energy by 23,040.0% during the second quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 2,304 shares in the last quarter. WFG Advisors LP lifted its position in shares of Eversource Energy by 127.8% during the second quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Eversource Energy by 63.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 1,265 shares in the last quarter. 72.14% of the stock is owned by institutional investors and hedge funds.

In related news, COO Werner J. Schweiger sold 10,098 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total value of $653,138.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Shares of Eversource Energy (ES) opened at $61.35 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. Eversource Energy has a 12-month low of $54.10 and a 12-month high of $66.15. The stock has a market capitalization of $19,440.00, a price-to-earnings ratio of 19.92, a P/E/G ratio of 3.13 and a beta of 0.31.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the business posted $0.83 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. analysts expect that Eversource Energy will post 3.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a $0.475 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.10%. Eversource Energy’s dividend payout ratio (DPR) is presently 61.69%.

Several equities research analysts have issued reports on ES shares. Credit Suisse Group increased their target price on Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Williams Capital increased their target price on Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Morgan Stanley increased their target price on Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Bank of America started coverage on Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $64.95.

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About Eversource Energy

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.

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

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