New York State Teachers Retirement System Raises Position in Eversource Energy (NYSE:ES)

New York State Teachers Retirement System boosted its position in Eversource Energy (NYSE:ES - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 312,550 shares of the utilities provider's stock after purchasing an additional 19,164 shares during the period. New York State Teachers Retirement System owned about 0.09% of Eversource Energy worth $19,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mizuho Bank Ltd. bought a new position in Eversource Energy during the fourth quarter worth about $26,000. Assetmark Inc. raised its position in shares of Eversource Energy by 99.2% in the fourth 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. purchased a new stake in shares of Eversource Energy during the 4th quarter valued at approximately $33,000. OFI Invest Asset Management bought a new position in Eversource Energy in the 4th quarter worth approximately $35,000. Finally, CoreCap Advisors LLC grew its stake in Eversource Energy by 168.7% in the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after buying an additional 383 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ES. BMO Capital Markets raised 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. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Mizuho lifted their target price on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $65.67.

Eversource Energy Price Performance

Shares of NYSE ES opened at $64.43 on Thursday. The stock's 50-day simple moving average is $62.97 and its two-hundred day simple moving average is $60.31. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The firm has a market capitalization of $23.67 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.40 and a beta of 0.62. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last issued 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. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. Eversource Energy's revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.49 earnings per share. As a group, equities analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

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

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy 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 directly owned 10,988 shares of the company's stock, valued at approximately $703,232. The trade was a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.41% 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.

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