Teacher Retirement System of Texas Acquires Shares of 53,482 Eversource Energy (NYSE:ES)

Teacher Retirement System of Texas acquired a new stake in Eversource Energy (NYSE:ES - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 53,482 shares of the utilities provider's stock, valued at approximately $3,322,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Eversource Energy by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after acquiring an additional 1,387,072 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Eversource Energy by 38.6% during the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after buying an additional 4,585,232 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Eversource Energy by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock valued at $547,550,000 after buying an additional 517,042 shares during the period. FMR LLC lifted its holdings in shares of Eversource Energy by 4.8% during the 4th quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock valued at $422,259,000 after buying an additional 333,529 shares during the period. Finally, Magellan Asset Management Ltd lifted its holdings in shares of Eversource Energy by 15.9% during the 4th quarter. Magellan Asset Management Ltd now owns 6,474,477 shares of the utilities provider's stock valued at $371,829,000 after buying an additional 890,514 shares during the period. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction on 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 sale, the executive vice president owned 10,988 shares in the company, valued at approximately $703,232. This represents a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company's stock.

Eversource Energy Stock Performance

Shares of NYSE:ES traded up $0.52 during midday trading on Thursday, hitting $65.63. The company had a trading volume of 231,493 shares, compared to its average volume of 2,489,264. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. The company has a market cap of $24.11 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 2.40 and a beta of 0.62. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01. The company has a fifty day moving average of $63.54 and a two-hundred day moving average of $60.57.

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

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were paid a $0.7525 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.59%. Eversource Energy's payout ratio is presently 129.74%.

Wall Street Analyst Weigh In

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

Eversource Energy Company 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.