Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $45 Million Stock Position in Eversource Energy $ES

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Eversource Energy (NYSE:ES) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 707,289 shares of the utilities provider’s stock after buying an additional 7,094 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.19% of Eversource Energy worth $44,998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Eversource Energy in the first quarter worth about $286,130,000. Wellington Management Group LLP increased its position in Eversource Energy by 4.5% during the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider’s stock worth $1,068,901,000 after purchasing an additional 739,448 shares in the last quarter. Magellan Asset Management Ltd lifted its stake in Eversource Energy by 6.2% in the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock valued at $427,090,000 after purchasing an additional 401,866 shares during the last quarter. Vanguard Group Inc. lifted its stake in Eversource Energy by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider’s stock valued at $2,792,559,000 after purchasing an additional 351,780 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Eversource Energy by 244.5% in the second quarter. Allianz Asset Management GmbH now owns 373,788 shares of the utilities provider’s stock valued at $23,780,000 after buying an additional 265,290 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Insiders Place Their Bets

In other Eversource Energy news, insider Loretta D. Keane purchased 3,780 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the acquisition, the insider owned 12,033 shares in the company, valued at approximately $795,020.31. The trade was a 45.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James W. Hunt III sold 4,129 shares of Eversource Energy stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.77, for a total value of $300,467.33. Following the completion of the transaction, the executive vice president directly owned 32,415 shares of the company’s stock, valued at approximately $2,358,839.55. This trade represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.41% of the stock is owned by company insiders.

Eversource Energy Price Performance

Shares of ES opened at $73.31 on Friday. The business has a 50-day moving average of $70.78 and a 200-day moving average of $66.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.64 and a beta of 0.69. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $75.25.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.12 by $0.07. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.7525 per share. The ex-dividend date was Monday, September 22nd. This represents a $3.01 annualized dividend and a dividend yield of 4.1%. Eversource Energy’s dividend payout ratio is 82.47%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ES shares. TD Cowen started coverage on Eversource Energy in a research note on Thursday, October 16th. They issued a “hold” rating and a $76.00 price target for the company. Wells Fargo & Company started coverage on Eversource Energy in a research report on Tuesday, October 28th. They issued an “overweight” rating and a $79.00 target price for the company. Mizuho lifted their price target on Eversource Energy from $72.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Jefferies Financial Group upped their price objective on Eversource Energy from $54.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, October 22nd. Finally, UBS Group lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and an average target price of $72.70.

Eversource Energy 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.