Illinois Municipal Retirement Fund Has $13.19 Million Holdings in Eversource Energy (NYSE:ES)

Illinois Municipal Retirement Fund increased its stake in Eversource Energy (NYSE:ES - Free Report) by 75.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 213,750 shares of the utilities provider's stock after purchasing an additional 91,765 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Eversource Energy worth $13,193,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI purchased a new position in Eversource Energy during the fourth quarter worth about $323,000. Signaturefd LLC grew its position in Eversource Energy by 7.5% during the fourth quarter. Signaturefd LLC now owns 12,384 shares of the utilities provider's stock worth $764,000 after buying an additional 864 shares in the last quarter. abrdn plc grew its position in Eversource Energy by 21.3% during the fourth quarter. abrdn plc now owns 488,683 shares of the utilities provider's stock worth $30,162,000 after buying an additional 85,756 shares in the last quarter. Greenleaf Trust grew its position in Eversource Energy by 11.8% during the fourth quarter. Greenleaf Trust now owns 9,509 shares of the utilities provider's stock worth $587,000 after buying an additional 1,007 shares in the last quarter. Finally, John G Ullman & Associates Inc. grew its position in Eversource Energy by 3.5% during the fourth quarter. John G Ullman & Associates Inc. now owns 73,542 shares of the utilities provider's stock worth $4,539,000 after buying an additional 2,482 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Eversource Energy

In other news, insider Linda Dorcena Forry sold 822 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the transaction, the insider now directly owns 10,485 shares in the company, valued at approximately $609,388.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the transaction, the insider now directly owns 10,485 shares in the company, valued at $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederica M. Williams sold 2,714 shares of Eversource Energy stock in a transaction on Monday, February 26th. The shares were sold at an average price of $57.60, for a total value of $156,326.40. Following the transaction, the insider now owns 21,621 shares in the company, valued at $1,245,369.60. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

ES has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on Eversource Energy in a research note on Wednesday, April 10th. They set a "buy" rating and a $73.00 price target for the company. Citigroup lifted their price target on Eversource Energy from $58.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Barclays dropped their price target on Eversource Energy from $66.00 to $61.00 and set an "equal weight" rating for the company in a research note on Monday, January 22nd. StockNews.com raised Eversource Energy to a "sell" rating in a research note on Thursday, March 28th. Finally, UBS Group raised Eversource Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $62.00 to $67.00 in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $65.85.

Eversource Energy Stock Up 0.1 %

ES stock traded up $0.04 on Tuesday, reaching $60.34. 1,831,876 shares of the company traded hands, compared to its average volume of 2,951,728. The company has a market cap of $21.16 billion, a P/E ratio of -47.92, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The firm has a fifty day simple moving average of $58.69 and a 200-day simple moving average of $57.87. Eversource Energy has a one year low of $52.03 and a one year high of $79.92. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3 billion. Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm's revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. Research analysts anticipate that Eversource Energy will post 4.52 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were paid a $0.715 dividend. This is an increase from Eversource Energy's previous quarterly dividend of $0.68. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Monday, March 4th. Eversource Energy's dividend payout ratio (DPR) is -226.98%.

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.