Public Employees Retirement System of Ohio Decreases Position in Eversource Energy (NYSE:ES)

Public Employees Retirement System of Ohio decreased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 30.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,956 shares of the utilities provider's stock after selling 52,854 shares during the period. Public Employees Retirement System of Ohio's holdings in Eversource Energy were worth $7,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Eversource Energy by 33.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock valued at $2,306,000 after buying an additional 9,981 shares in the last quarter. Everett Harris & Co. CA lifted its position in shares of Eversource Energy by 125.2% during the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider's stock valued at $465,000 after buying an additional 4,500 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Eversource Energy by 3.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,002,004 shares of the utilities provider's stock valued at $57,545,000 after buying an additional 28,725 shares in the last quarter. Savant Capital LLC lifted its holdings in Eversource Energy by 2.9% in the 4th quarter. Savant Capital LLC now owns 12,202 shares of the utilities provider's stock valued at $701,000 after purchasing an additional 347 shares in the last quarter. Finally, LSV Asset Management purchased a new position in Eversource Energy in the 4th quarter valued at $2,223,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 1.2%

NYSE ES traded up $0.79 during trading on Friday, hitting $64.88. The stock had a trading volume of 5,660,354 shares, compared to its average volume of 2,437,082. The company has a market capitalization of $23.84 billion, a PE ratio of 28.09, a PEG ratio of 2.35 and a beta of 0.61. 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 has a 50 day moving average price of $60.21 and a 200 day moving average price of $59.93. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Eversource Energy's revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. As a group, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's payout ratio is presently 129.74%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Scotiabank decreased their price objective on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. BMO Capital Markets raised their target price on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $65.78.

Insider Activity

In other news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of the transaction, the executive vice president now owns 10,988 shares in the company, valued at approximately $703,232. This trade represents a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.