Illinois Municipal Retirement Fund Purchases 20,701 Shares of Eversource Energy (NYSE:ES)

Illinois Municipal Retirement Fund boosted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 20.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,473 shares of the utilities provider's stock after acquiring an additional 20,701 shares during the period. Illinois Municipal Retirement Fund's holdings in Eversource Energy were worth $7,669,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mizuho Bank Ltd. acquired a new position in Eversource Energy in the fourth quarter worth about $26,000. Assetmark Inc. grew its stake in shares of Eversource Energy by 99.2% in 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 during the period. Pinney & Scofield Inc. acquired a new position in shares of Eversource Energy in the 4th quarter worth approximately $33,000. CoreCap Advisors LLC lifted its position in shares of Eversource Energy by 168.7% during the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock worth $35,000 after buying an additional 383 shares during the period. Finally, First Financial Corp IN boosted its stake in Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho increased their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, BMO Capital Markets increased their target price on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $65.67.

Eversource Energy Trading Down 0.1%

ES traded down $0.07 during mid-day trading on Wednesday, reaching $64.48. The stock had a trading volume of 1,060,131 shares, compared to its average volume of 2,488,648. The firm's fifty day simple moving average is $62.84 and its two-hundred day simple moving average is $60.28. The stock has a market capitalization of $23.69 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.37 and a beta of 0.62. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. The business had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $3.65 billion. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 earnings per share. On average, equities analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were issued a $0.7525 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.01 annualized dividend and a yield of 4.67%. Eversource Energy's dividend payout ratio is currently 129.74%.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the sale, the executive vice president owned 10,988 shares in the company, valued at approximately $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company's stock.

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.