ExodusPoint Capital Management LP Acquires 63,250 Shares of Eversource Energy (NYSE:ES)

ExodusPoint Capital Management LP boosted its holdings in shares of Eversource Energy (NYSE:ES) by 166.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 101,228 shares of the utilities provider’s stock after buying an additional 63,250 shares during the period. ExodusPoint Capital Management LP’s holdings in Eversource Energy were worth $5,814,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ES. Kestra Investment Management LLC acquired a new position in shares of Eversource Energy during the 4th quarter valued at about $29,000. Assetmark Inc. grew its holdings in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Venturi Wealth Management LLC grew its holdings 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 purchasing an additional 301 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Eversource Energy in the fourth quarter valued at approximately $35,000. Finally, UMB Bank n.a. lifted its stake in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after buying an additional 197 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Performance

NYSE ES opened at $58.48 on Friday. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The stock has a market cap of $21.47 billion, a P/E ratio of 25.31, a PEG ratio of 2.35 and a beta of 0.58. The company’s 50-day simple moving average is $60.73 and its 200 day simple moving average is $61.35.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share 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%. As a group, research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.7525 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 5.15%. The ex-dividend date was Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently 130.30%.

Analyst Ratings Changes

Several brokerages recently commented on ES. 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 report on Thursday, February 13th. Scotiabank dropped their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research note on Thursday, February 13th. StockNews.com downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research note on Sunday. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, Barclays reduced their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average target price of $67.44.

Insider Buying and Selling at Eversource Energy

In related news, VP Jay S. Buth sold 980 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. This represents a 3.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now directly owns 22,671 shares of the company’s stock, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.