Eversource Energy (NYSE:ES) Holdings Raised by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its stake in Eversource Energy (NYSE:ES) by 166.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,228 shares of the utilities provider’s stock after purchasing an additional 63,250 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Eversource Energy were worth $5,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Eversource Energy by 33.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider’s stock worth $2,306,000 after acquiring an additional 9,981 shares during the period. Verity & Verity LLC bought a new stake in Eversource Energy during the fourth quarter worth approximately $744,000. Nordea Investment Management AB lifted its position in Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock worth $99,554,000 after purchasing an additional 510,582 shares during the period. Everett Harris & Co. CA boosted its stake in Eversource Energy by 125.2% during the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider’s stock valued at $465,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Soltis Investment Advisors LLC acquired a new position in shares of Eversource Energy during the 3rd quarter valued at $3,616,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Scotiabank cut their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Jefferies Financial Group reduced their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Sunday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $67.44.

Eversource Energy Trading Down 5.6 %

Eversource Energy stock opened at $58.48 on Friday. The company has a 50 day moving average price of $60.73 and a 200 day moving average price of $61.35. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 2.35 and a beta of 0.58.

Eversource Energy (NYSE:ES) last issued its 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 return on equity of 10.99% and a net margin of 6.82%. Research analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were given a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.15%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date was Tuesday, March 4th. Eversource Energy’s dividend payout ratio is 130.30%.

Insider Buying and Selling

In related news, VP Jay S. Buth sold 980 shares of the stock in a transaction on 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 sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

About Eversource Energy

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.