Squarepoint Ops LLC Lowers Position in Eversource Energy (NYSE:ES)

Squarepoint Ops LLC cut its stake in Eversource Energy (NYSE:ES - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,826 shares of the utilities provider's stock after selling 14,024 shares during the period. Squarepoint Ops LLC owned 0.08% of Eversource Energy worth $17,047,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Eversource Energy by 33.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock valued at $2,306,000 after acquiring an additional 9,981 shares during the last quarter. Everett Harris & Co. CA lifted its stake in Eversource Energy by 125.2% in the fourth 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 during the period. Nisa Investment Advisors LLC lifted its stake in Eversource Energy by 12.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 73,096 shares of the utilities provider's stock valued at $4,198,000 after buying an additional 7,967 shares during the period. Boston Trust Walden Corp lifted its stake in Eversource Energy by 3.0% in the fourth 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 during the period. Finally, Savant Capital LLC lifted its stake in Eversource Energy by 2.9% in the fourth quarter. Savant Capital LLC now owns 12,202 shares of the utilities provider's stock valued at $701,000 after buying an additional 347 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Insider Transactions at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the sale, the executive vice president now owns 10,988 shares of the company's stock, valued at approximately $703,232. This represents a 19.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ES has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Jefferies Financial Group dropped their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company dropped their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" 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 report on Monday, February 10th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $65.78.

Eversource Energy Stock Up 1.5%

Eversource Energy stock traded up $0.93 during trading on Tuesday, hitting $64.39. 335,780 shares of the company were exchanged, compared to its average volume of 2,898,735. The business's 50 day moving average is $59.92 and its 200 day moving average is $59.84. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. The company has a market capitalization of $23.66 billion, a P/E ratio of 27.88, a PEG ratio of 2.35 and a beta of 0.61. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. The firm 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%. The business's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. Analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.7525 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.01 annualized dividend and a dividend yield of 4.67%. Eversource Energy's payout ratio is 129.74%.

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.