Public Employees Retirement Association of Colorado Sells 2,809 Shares of Eversource Energy (NYSE:ES)

Public Employees Retirement Association of Colorado cut its holdings in Eversource Energy (NYSE:ES) by 7.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,166 shares of the utilities provider’s stock after selling 2,809 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Eversource Energy were worth $2,162,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Heritage Wealth Advisors acquired a new position in shares of Eversource Energy during the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in Eversource Energy during the first quarter worth approximately $27,000. Bfsg LLC bought a new position in Eversource Energy during the 4th quarter worth $31,000. Versant Capital Management Inc increased its stake in Eversource Energy by 62.6% during the 1st quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 201 shares during the period. Finally, Salem Investment Counselors Inc. raised its holdings in Eversource Energy by 49.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 10,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total value of $562,000.00. Following the completion of the sale, the vice president now directly owns 63,808 shares in the company, valued at $3,586,009.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total value of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares in the company, valued at $3,586,009.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Penelope M. Conner sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $58.75, for a total transaction of $158,625.00. Following the completion of the transaction, the executive vice president now owns 10,272 shares in the company, valued at approximately $603,480. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Eversource Energy Trading Up 0.7 %

NYSE ES opened at $64.94 on Tuesday. The company has a market cap of $22.88 billion, a price-to-earnings ratio of -55.03, a price-to-earnings-growth ratio of 2.46 and a beta of 0.60. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $72.93. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The business’s fifty day moving average is $59.01 and its 200 day moving average is $58.48.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.69 billion. Eversource Energy had a positive return on equity of 10.32% and a negative net margin of 3.60%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the company earned $1.41 earnings per share. As a group, sell-side analysts expect that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Wednesday, May 15th. Eversource Energy’s payout ratio is currently -242.37%.

Wall Street Analyst Weigh In

ES has been the topic of several analyst reports. The Goldman Sachs Group started coverage on Eversource Energy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price target on the stock. BMO Capital Markets raised their target price on shares of Eversource Energy from $65.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Morgan Stanley cut their price target on shares of Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Wells Fargo & Company upped their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and a consensus price target of $66.43.

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.