Schonfeld Strategic Advisors LLC Sells 19,519 Shares of Eversource Energy (NYSE:ES)

Schonfeld Strategic Advisors LLC cut its holdings in Eversource Energy (NYSE:ES - Free Report) by 52.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,958 shares of the utilities provider's stock after selling 19,519 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Eversource Energy were worth $1,031,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its stake in shares of Eversource Energy by 10.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after purchasing an additional 176 shares during the period. UMB Bank n.a. boosted its holdings in Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after buying an additional 197 shares during the last quarter. Summit Trail Advisors LLC grew its position in shares of Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock worth $281,000 after buying an additional 216 shares during the period. Keybank National Association OH increased its stake in shares of Eversource Energy by 2.6% in the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock valued at $522,000 after acquiring an additional 233 shares during the last quarter. Finally, Whittier Trust Co. raised its position in shares of Eversource Energy by 3.3% in the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Trading Up 5.2 %

NYSE:ES opened at $62.26 on Thursday. The company has a market cap of $22.85 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The business has a 50 day moving average price of $59.29 and a two-hundred day moving average price of $60.02. 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 (NYSE:ES - Get Free Report) last released its earnings results 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 net margin of 6.82% and a return on equity of 10.99%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The firm's revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, analysts expect that Eversource Energy will post 4.75 EPS 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 given a dividend of $0.7525 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.01 annualized dividend and a yield of 4.83%. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ES. Barclays lowered 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 lowered their price objective 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. reiterated an "underweight" rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. BMO Capital Markets increased their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Finally, Scotiabank cut their price objective on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $65.78.

Insider Buying and Selling at Eversource Energy

In other news, VP Jay S. Buth sold 980 shares of the business's stock in a transaction dated 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 in the company, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the sale, the insider now directly owns 22,671 shares in the company, valued at approximately $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 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.

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