Tudor Investment Corp ET AL Has $5.53 Million Position in Eversource Energy (NYSE:ES)

Tudor Investment Corp ET AL decreased its position in Eversource Energy (NYSE:ES - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,311 shares of the utilities provider's stock after selling 78,257 shares during the quarter. Tudor Investment Corp ET AL's holdings in Eversource Energy were worth $5,531,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ES. Wellington Management Group LLP raised its position in shares of Eversource Energy by 38.6% in the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after purchasing an additional 4,585,232 shares during the period. Norges Bank bought a new position in Eversource Energy in the 4th quarter worth $188,838,000. Amundi lifted its position in Eversource Energy by 32.2% during the 4th quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock worth $367,691,000 after acquiring an additional 1,579,818 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Eversource Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after acquiring an additional 1,387,072 shares during the period. Finally, Magellan Asset Management Ltd grew its position in shares of Eversource Energy by 15.9% in the fourth quarter. Magellan Asset Management Ltd now owns 6,474,477 shares of the utilities provider's stock valued at $371,829,000 after purchasing an additional 890,514 shares during the last quarter. Institutional investors own 79.99% of the company's stock.

Insider Buying and Selling

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the sale, the vice president now owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the transaction, the insider now 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. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Up 0.3 %

NYSE ES opened at $59.57 on Thursday. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 2.35 and a beta of 0.58. The stock's 50 day moving average is $59.63 and its two-hundred day moving average is $60.21. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

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

Analysts Set New Price Targets

A number of analysts have issued reports on ES shares. BMO Capital Markets raised their target price on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday. Wells Fargo & Company dropped their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Friday, April 25th. Guggenheim restated a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, Scotiabank reduced their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research note on Thursday, February 13th. Four 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.78.

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.

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