New York State Common Retirement Fund Has $47.31 Million Position in Eversource Energy (NYSE:ES)

New York State Common Retirement Fund reduced its position in shares of Eversource Energy (NYSE:ES - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,598 shares of the utilities provider's stock after selling 16,629 shares during the quarter. New York State Common Retirement Fund owned 0.22% of Eversource Energy worth $47,314,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Eversource Energy during the fourth quarter worth $26,000. UMB Bank n.a. increased its holdings in shares of Eversource Energy by 130.9% during the third quarter. UMB Bank n.a. now owns 642 shares of the utilities provider's stock worth $37,000 after purchasing an additional 364 shares during the period. MV Capital Management Inc. raised its position in shares of Eversource Energy by 40.4% in the third quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider's stock valued at $42,000 after buying an additional 206 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Eversource Energy in the fourth quarter valued at approximately $43,000. Finally, Blue Trust Inc. raised its holdings in Eversource Energy by 172.7% in the 4th quarter. Blue Trust Inc. now owns 758 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 480 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Trading Down 0.5 %

NYSE ES traded down $0.32 on Thursday, reaching $60.52. The company had a trading volume of 1,432,034 shares, compared to its average volume of 2,921,924. The firm has a market cap of $21.23 billion, a price-to-earnings ratio of -48.03, a P/E/G ratio of 3.20 and a beta of 0.58. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $79.43. The business has a 50 day moving average of $58.89 and a two-hundred day moving average of $57.92. 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 quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $3 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. Eversource Energy's revenue was down 11.1% compared to the same quarter last year. Analysts forecast that Eversource Energy will post 4.52 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $2.86 annualized dividend and a yield of 4.73%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.68. Eversource Energy's dividend payout ratio is presently -226.98%.

Insiders Place Their Bets

In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of the business'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 sale, the insider now directly owns 10,485 shares in the company, valued at $609,388.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Linda Dorcena Forry sold 822 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the sale, the insider now owns 10,485 shares of the company's stock, valued at $609,388.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Frederica M. Williams sold 2,714 shares of Eversource Energy stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the completion of the transaction, the insider now owns 21,621 shares of the company's stock, valued at $1,245,369.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ES shares. BMO Capital Markets boosted their price target on Eversource Energy from $63.00 to $64.00 and gave the company a "market perform" rating in a research note on Thursday, February 15th. Citigroup increased their price target on shares of Eversource Energy from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. StockNews.com upgraded Eversource Energy to a "sell" rating in a research note on Thursday, March 28th. Guggenheim upgraded Eversource Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $60.00 to $72.00 in a research note on Monday, January 22nd. Finally, Argus reduced their price objective on Eversource Energy from $85.00 to $68.00 and set a "buy" rating on the stock in a research note on Monday, March 25th. One 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $65.85.

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.