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New York State Teachers Retirement System Buys 19,164 Shares of Eversource Energy (NYSE:ES)

Eversource Energy logo with Utilities background

New York State Teachers Retirement System raised its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,550 shares of the utilities provider's stock after buying an additional 19,164 shares during the period. New York State Teachers Retirement System owned 0.09% of Eversource Energy worth $19,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Metis Global Partners LLC boosted its holdings in Eversource Energy by 6.2% during the fourth quarter. Metis Global Partners LLC now owns 17,777 shares of the utilities provider's stock valued at $1,021,000 after acquiring an additional 1,036 shares during the period. Smartleaf Asset Management LLC boosted its stake in Eversource Energy by 20.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,137 shares of the utilities provider's stock valued at $122,000 after purchasing an additional 361 shares during the period. SRS Capital Advisors Inc. grew its holdings in Eversource Energy by 1,462.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,094 shares of the utilities provider's stock valued at $178,000 after buying an additional 2,896 shares during the last quarter. Jones Financial Companies Lllp increased its position in Eversource Energy by 45.2% in the 4th quarter. Jones Financial Companies Lllp now owns 5,915 shares of the utilities provider's stock worth $340,000 after buying an additional 1,840 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in shares of Eversource Energy by 1.1% during the fourth quarter. State of Michigan Retirement System now owns 106,533 shares of the utilities provider's stock worth $6,118,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analyst Weigh In

ES has been the topic of a number of research reports. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Mizuho upped their price objective 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. BMO Capital Markets increased their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $65.67.

Get Our Latest Stock Report on ES

Insider Activity at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the transaction, the executive vice president owned 10,988 shares of the company's stock, valued at $703,232. This represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.41% of the company's stock.

Eversource Energy Price Performance

Shares of Eversource Energy stock traded up $0.12 during trading on Friday, reaching $64.57. The company's stock had a trading volume of 1,471,270 shares, compared to its average volume of 2,497,873. The stock has a 50-day moving average price of $63.23 and a two-hundred day moving average price of $60.43. The stock has a market capitalization of $23.72 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71. Eversource Energy has a one year low of $52.28 and a one year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting analysts' consensus estimates of $1.50. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The company's revenue was up 23.6% on a year-over-year basis. As a group, sell-side analysts anticipate 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 was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were given a $0.7525 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.66%. Eversource Energy's payout ratio is 129.74%.

About Eversource Energy

(Free Report)

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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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