Eversource Energy (NYSE:ES) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 40.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 426,199 shares of the utilities provider's stock after selling 292,077 shares during the period. AQR Capital Management LLC owned about 0.12% of Eversource Energy worth $24,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ES. Mizuho Bank Ltd. purchased a new position in Eversource Energy during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $29,000. Assetmark Inc. increased its holdings in shares of Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 301 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Eversource Energy during the fourth quarter worth $35,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Down 0.5 %

Shares of NYSE ES opened at $58.79 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average of $59.46 and a 200 day moving average of $60.10. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01. The stock has a market cap of $21.58 billion, a PE ratio of 25.45, a P/E/G ratio of 2.35 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. The firm had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The business's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 earnings per share. As a group, sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be issued a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's dividend payout ratio is currently 129.74%.

Insider Buying and Selling

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $61,730.20. Following the transaction, the vice president now owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ES. Barclays decreased their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. BMO Capital Markets upped their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, Wells Fargo & Company decreased their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $65.78.

Eversource Energy Company 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.

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