Eversource Energy (NYSE:ES) Stock Holdings Lifted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its stake in Eversource Energy (NYSE:ES) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,465 shares of the utilities provider’s stock after buying an additional 840 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Eversource Energy were worth $1,807,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ES. State Street Corp grew its position in Eversource Energy by 1.7% during the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock worth $1,737,990,000 after purchasing an additional 430,587 shares in the last quarter. Wellington Management Group LLP purchased a new position in Eversource Energy during the 3rd quarter worth approximately $808,783,000. Geode Capital Management LLC grew its position 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 worth $613,233,000 after purchasing an additional 268,588 shares in the last quarter. FMR LLC grew its position in Eversource Energy by 2.7% during the 3rd quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock worth $477,647,000 after purchasing an additional 185,381 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Eversource Energy by 4.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,956,214 shares of the utilities provider’s stock worth $337,270,000 after purchasing an additional 216,630 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ES shares. Scotiabank lowered their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average target price of $67.45.

Eversource Energy Trading Up 1.0 %

Shares of NYSE:ES opened at $63.01 on Friday. The stock has a market capitalization of $23.11 billion, a PE ratio of 27.28, a P/E/G ratio of 2.35 and a beta of 0.62. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01. The firm has a fifty day moving average price of $58.80 and a 200 day moving average price of $62.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.78%. Eversource Energy’s dividend payout ratio is currently 130.30%.

Insider Buying and Selling

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the business’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 transaction, the insider now owns 22,671 shares of the company’s stock, valued at $1,411,496.46. The trade was a 12.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jay S. Buth sold 980 shares of the business’s 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 transaction, the vice president now directly owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. This represents a 3.87 % 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.