Eversource Energy (NYSE:ES) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in Eversource Energy (NYSE:ES - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,503 shares of the utilities provider's stock after selling 11,992 shares during the period. Janus Henderson Group PLC's holdings in Eversource Energy were worth $3,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth grew its position in Eversource Energy by 1,775.2% in the 4th quarter. Focus Partners Wealth now owns 438,612 shares of the utilities provider's stock valued at $25,189,000 after buying an additional 415,222 shares during the last quarter. Ethic Inc. grew its position in Eversource Energy by 1.1% in the 4th quarter. Ethic Inc. now owns 164,911 shares of the utilities provider's stock valued at $9,471,000 after buying an additional 1,841 shares during the last quarter. First Manhattan CO. LLC. grew its position in Eversource Energy by 2.9% in the 4th quarter. First Manhattan CO. LLC. now owns 9,131 shares of the utilities provider's stock valued at $524,000 after buying an additional 255 shares during the last quarter. DC Investments Management LLC grew its position in Eversource Energy by 78.9% in the 4th quarter. DC Investments Management LLC now owns 29,465 shares of the utilities provider's stock valued at $1,692,000 after buying an additional 12,993 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its position in Eversource Energy by 35.9% in the 4th quarter. EP Wealth Advisors LLC now owns 22,274 shares of the utilities provider's stock valued at $1,279,000 after buying an additional 5,887 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday. Scotiabank lowered their price target on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Barclays lowered their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets upped their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $65.78.

Eversource Energy Price Performance

Eversource Energy stock opened at $63.56 on Tuesday. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm's 50-day simple moving average is $59.66 and its 200 day simple moving average is $59.77. The firm has a market capitalization of $23.35 billion, a PE ratio of 27.52, a P/E/G ratio of 2.35 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the firm earned $1.49 EPS. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be given a $0.7525 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.01 annualized dividend and a dividend yield of 4.74%. Eversource Energy's dividend payout ratio is presently 129.74%.

Insider Buying and Selling

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the company'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 transaction, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jay S. Buth sold 980 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the transaction, the vice president now 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 disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

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.

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