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

New York State Common Retirement Fund lessened its position in shares of Eversource Energy (NYSE:ES) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 766,598 shares of the utilities provider’s stock after selling 16,629 shares during the period. New York State Common Retirement Fund owned approximately 0.22% of Eversource Energy worth $47,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Morgan Stanley raised its stake in Eversource Energy by 19.3% during the third quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider’s stock worth $259,595,000 after acquiring an additional 723,318 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Eversource Energy by 23.7% during the 3rd quarter. American Century Companies Inc. now owns 3,663,024 shares of the utilities provider’s stock valued at $213,005,000 after purchasing an additional 702,360 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Eversource Energy by 1,551.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 708,437 shares of the utilities provider’s stock valued at $41,196,000 after purchasing an additional 665,540 shares during the last quarter. Nordea Investment Management AB boosted its position in Eversource Energy by 11.6% in the third quarter. Nordea Investment Management AB now owns 5,824,459 shares of the utilities provider’s stock valued at $339,974,000 after buying an additional 605,702 shares in the last quarter. Finally, FMR LLC boosted its position in Eversource Energy by 18.5% in the third quarter. FMR LLC now owns 3,590,971 shares of the utilities provider’s stock valued at $208,815,000 after buying an additional 559,448 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction 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 completion of the transaction, the insider now directly owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Frederica M. Williams sold 2,714 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $57.60, for a total transaction of $156,326.40. Following the transaction, the insider now owns 21,621 shares of the company’s stock, valued at approximately $1,245,369.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Linda Dorcena Forry sold 822 shares of the firm’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 completion of the sale, the insider now owns 10,485 shares of the company’s stock, valued at $609,388.20. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

ES has been the subject of a number of research reports. Mizuho upgraded Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $54.00 to $62.00 in a research note on Thursday, February 15th. The Goldman Sachs Group assumed coverage on shares of Eversource Energy in a report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price objective for the company. Citigroup boosted their target price on shares of Eversource Energy from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Wells Fargo & Company raised their price target on shares of Eversource Energy from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. Finally, UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $67.00 in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.85.

Eversource Energy Stock Performance

ES stock opened at $60.85 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. The business’s 50-day moving average is $58.89 and its two-hundred day moving average is $57.92. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $79.92.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, research analysts forecast that Eversource Energy will post 4.52 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.70%. The ex-dividend date was Monday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.68. Eversource Energy’s payout ratio is currently -226.98%.

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.