State of Tennessee Department of Treasury Sells 5,046 Shares of Eversource Energy (NYSE:ES)

State of Tennessee Department of Treasury decreased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,244 shares of the utilities provider's stock after selling 5,046 shares during the quarter. State of Tennessee Department of Treasury's holdings in Eversource Energy were worth $7,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Bank Ltd. bought a new position in Eversource Energy during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new position in shares of Eversource Energy in the 4th quarter worth $29,000. Assetmark Inc. grew its holdings in shares of Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after acquiring an additional 254 shares during the period. Venturi Wealth Management LLC increased its position in Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 301 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in Eversource Energy in the fourth quarter valued at about $35,000. Institutional investors own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the firm's stock in a transaction dated 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction dated Friday, February 21st. The stock was 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 approximately $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 owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ES shares. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Friday, April 25th. Jefferies Financial Group lowered their price objective on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price target (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Finally, BMO Capital Markets lifted their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $65.78.

Eversource Energy Price Performance

Shares of ES traded down $0.14 during midday trading on Wednesday, hitting $59.28. 1,090,737 shares of the company traded hands, compared to its average volume of 2,924,482. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. 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 firm has a 50 day moving average of $59.71 and a 200-day moving average of $60.22. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.35 and a beta of 0.58.

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

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.