WINTON GROUP Ltd bought a new position in shares of Eversource Energy (NYSE:ES – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,714 shares of the utilities provider’s stock, valued at approximately $1,597,000.
Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Eversource Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock worth $3,198,996,000 after acquiring an additional 697,829 shares in the last quarter. Geode Capital Management LLC raised its stake in Eversource Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock worth $646,233,000 after acquiring an additional 194,781 shares in the last quarter. Magellan Asset Management Ltd raised its stake in Eversource Energy by 6.5% during the third quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock worth $526,919,000 after acquiring an additional 454,658 shares in the last quarter. Victory Capital Management Inc. raised its stake in Eversource Energy by 9.4% during the third quarter. Victory Capital Management Inc. now owns 5,900,662 shares of the utilities provider’s stock worth $419,773,000 after acquiring an additional 505,489 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Eversource Energy by 1.3% during the third quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock worth $361,996,000 after acquiring an additional 63,466 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.
Eversource Energy Stock Performance
NYSE:ES opened at $68.09 on Tuesday. The stock has a market cap of $25.61 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 4.68 and a beta of 0.72. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The stock’s 50-day moving average is $68.82 and its 200-day moving average is $69.21. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41.
Eversource Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s payout ratio is currently 67.31%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on ES. UBS Group lowered their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Bank of America restated a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Scotiabank reduced their price target on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Finally, Argus upgraded Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.70.
Read Our Latest Research Report on ES
Insider Activity at Eversource Energy
In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.
Eversource Energy Profile
Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.
Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.
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