Eversource Energy (NYSE:ES) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 49.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,663 shares of the utilities provider's stock after purchasing an additional 6,814 shares during the quarter. Tidal Investments LLC's holdings in Eversource Energy were worth $1,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of Eversource Energy by 3.2% in the fourth quarter. Toronto Dominion Bank now owns 197,922 shares of the utilities provider's stock worth $11,367,000 after acquiring an additional 6,114 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Eversource Energy in the 4th quarter valued at $3,270,000. Redwood Investment Management LLC grew its stake in shares of Eversource Energy by 2.7% during the 4th quarter. Redwood Investment Management LLC now owns 29,818 shares of the utilities provider's stock valued at $1,712,000 after buying an additional 788 shares during the period. ProShare Advisors LLC increased its holdings in shares of Eversource Energy by 7.9% during the 4th quarter. ProShare Advisors LLC now owns 82,879 shares of the utilities provider's stock worth $4,760,000 after buying an additional 6,053 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Eversource Energy by 93.8% during the 4th quarter. Quantinno Capital Management LP now owns 62,974 shares of the utilities provider's stock worth $3,617,000 after buying an additional 30,485 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the business's 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 sale, the executive vice president now directly owns 10,988 shares of the company's stock, valued at $703,232. The trade was a 19.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by insiders.

Eversource Energy Stock Up 1.1%

Shares of Eversource Energy stock traded up $0.70 during trading hours on Thursday, hitting $64.07. 808,734 shares of the company's stock traded hands, compared to its average volume of 2,424,651. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The company has a market cap of $23.54 billion, a PE ratio of 27.74, 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 stock has a 50 day simple moving average of $60.03 and a 200-day simple moving average of $59.90.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm earned $1.49 EPS. Eversource Energy's quarterly revenue was up 23.6% on a year-over-year basis. Equities research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be issued a $0.7525 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.01 annualized dividend and a yield of 4.70%. Eversource Energy's dividend payout ratio is presently 129.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ES shares. 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 report on Monday, April 28th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Wells Fargo & Company dropped their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Finally, Scotiabank decreased their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and an average price target of $65.78.

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.