Marshall Wace LLP Has $3.05 Million Stock Holdings in Eversource Energy (NYSE:ES)

Marshall Wace LLP boosted its holdings in Eversource Energy (NYSE:ES - Free Report) by 134.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 53,179 shares of the utilities provider's stock after buying an additional 30,455 shares during the period. Marshall Wace LLP's holdings in Eversource Energy were worth $3,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ES. Zacks Investment Management purchased a new position in Eversource Energy in the fourth quarter valued at about $882,000. Jump Financial LLC lifted its position in Eversource Energy by 100.3% during the 4th quarter. Jump Financial LLC now owns 14,650 shares of the utilities provider's stock worth $841,000 after acquiring an additional 7,336 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Eversource Energy by 13.9% in the 4th quarter. Guggenheim Capital LLC now owns 104,192 shares of the utilities provider's stock worth $5,984,000 after acquiring an additional 12,750 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in Eversource Energy in the fourth quarter valued at approximately $252,000. Finally, Barclays PLC grew its position in Eversource Energy by 4.1% in the fourth quarter. Barclays PLC now owns 1,140,842 shares of the utilities provider's stock valued at $65,515,000 after acquiring an additional 44,876 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Eversource Energy Stock Performance

Shares of ES traded up $0.15 during mid-day trading on Wednesday, reaching $59.57. 5,246,012 shares of the company's stock traded hands, compared to its average volume of 2,387,884. The business's 50-day moving average price is $59.71 and its 200-day moving average price is $60.22. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $21.87 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ES shares. Barclays decreased their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. 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. Guggenheim restated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. StockNews.com lowered Eversource Energy from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Finally, 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 research report on Thursday, April 10th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $65.78.

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.