Eversource Energy (NYSE:ES) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC decreased its position in Eversource Energy (NYSE:ES) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 90,042 shares of the utilities provider’s stock after selling 1,462 shares during the quarter. Magnetar Financial LLC’s holdings in Eversource Energy were worth $5,171,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in shares of Eversource Energy in the fourth quarter valued at approximately $29,000. Assetmark Inc. grew its stake 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 in the last quarter. Brooklyn Investment Group acquired a new position in shares of Eversource Energy in the third quarter worth $31,000. Venturi Wealth Management LLC increased its position in shares of Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 301 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Eversource Energy in the fourth quarter valued at $35,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ES has been the topic of several recent research reports. Jefferies Financial Group cut their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company reduced their target price on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Scotiabank reduced their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a report on Thursday, February 13th. Finally, 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $67.45.

Eversource Energy Trading Down 0.5 %

Shares of Eversource Energy stock opened at $61.57 on Thursday. The company’s fifty day moving average is $59.74 and its two-hundred day moving average is $61.93. Eversource Energy has a 1 year low of $54.75 and a 1 year 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 company has a market capitalization of $22.60 billion, a P/E ratio of 26.66, a PEG ratio of 2.35 and a beta of 0.60.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (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%. Analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.89%. Eversource Energy’s payout ratio is presently 130.30%.

Insiders Place Their Bets

In other news, VP Jay S. Buth sold 980 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,535,318.26. This represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $192,507.92. Following the completion of the sale, the insider now owns 22,671 shares of the company’s stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

About Eversource Energy

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.