Man Group plc Has $39.39 Million Holdings in Eversource Energy (NYSE:ES)

Man Group plc trimmed its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 685,783 shares of the utilities provider's stock after selling 28,861 shares during the period. Man Group plc owned approximately 0.19% of Eversource Energy worth $39,385,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Eversource Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after purchasing an additional 1,387,072 shares during the period. Wellington Management Group LLP grew its stake in Eversource Energy by 38.6% during the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after buying an additional 4,585,232 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Eversource Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock worth $570,500,000 after acquiring an additional 226,972 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Eversource Energy by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock worth $547,550,000 after acquiring an additional 517,042 shares during the last quarter. Finally, FMR LLC raised its holdings in Eversource Energy by 4.8% in 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 last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Performance

Shares of ES traded up $0.85 during mid-day trading on Friday, reaching $63.23. The company had a trading volume of 2,129,339 shares, compared to its average volume of 2,415,769. The stock has a market capitalization of $23.23 billion, a P/E ratio of 27.37, a PEG ratio of 2.35 and a beta of 0.61. The stock has a 50 day moving average of $59.58 and a two-hundred day moving average of $59.81. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 earnings per share. On average, analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio is presently 129.74%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ES shares. Wells Fargo & Company reduced their price target 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. Barclays dropped their target price on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Jefferies Financial Group lowered their price objective on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday. Finally, JPMorgan Chase & Co. reissued 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $65.78.

Insider Buying and Selling

In other news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the sale, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. This trade represents a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the sale, the vice president now owns 24,374 shares in the company, valued at $1,535,318.26. This represents a 3.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

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.