AQR Capital Management LLC Has $17.64 Million Position in Eversource Energy $ES

Key Points

• AQR Capital Management LLC has reduced its stake in Eversource Energy by 32.9%, selling 140,374 shares and now holding 285,825 shares worth approximately $17.6 million.
• Insider Loretta D. Keane purchased 3,780 shares of Eversource Energy at an average price of $66.07 per share, increasing her position by 45.80%.
• Eversource Energy reported $0.96 earnings per share for the last quarter, exceeding expectations, and has set its FY 2025 guidance at 4.670-4.820 EPS.

AQR Capital Management LLC lowered its holdings in Eversource Energy (NYSE:ES - Free Report) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,825 shares of the utilities provider's stock after selling 140,374 shares during the quarter. AQR Capital Management LLC owned 0.08% of Eversource Energy worth $17,641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ES. Pinney & Scofield Inc. bought a new stake in Eversource Energy in the fourth quarter valued at about $33,000. Rossby Financial LCC bought a new stake in Eversource Energy in the first quarter valued at about $34,000. CoreCap Advisors LLC increased its stake in Eversource Energy by 168.7% in the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 383 shares during the period. First Financial Corp IN increased its stake in Eversource Energy by 3,529.4% in the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 600 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in Eversource Energy in the first quarter valued at about $46,000. Institutional investors own 79.99% of the company's stock.

Insiders Place Their Bets

In related news, insider Loretta D. Keane acquired 3,780 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the transaction, the insider directly owned 12,033 shares of the company's stock, valued at approximately $795,020.31. This trade represents a 45.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ES. Bank of America upped their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Mizuho boosted their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and a consensus target price of $64.38.

Eversource Energy Trading Down 0.2%

ES stock traded down $0.15 during trading on Monday, hitting $65.56. The company had a trading volume of 2,869,631 shares, compared to its average volume of 2,355,376. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average price of $65.17 and a 200-day moving average price of $62.74. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $68.73. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.47 and a beta of 0.64.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the previous year, the company posted $0.95 EPS. Eversource Energy's revenue was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, September 22nd. Eversource Energy's payout ratio is 129.18%.

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.