Kentucky Retirement Systems reduced its position in shares of Eversource Energy (NYSE:ES – Get Rating) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,732 shares of the utilities provider’s stock after selling 140 shares during the period. Kentucky Retirement Systems’ holdings in Eversource Energy were worth $1,886,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Toronto Dominion Bank lifted its holdings in Eversource Energy by 35.3% during the 4th quarter. Toronto Dominion Bank now owns 188,800 shares of the utilities provider’s stock valued at $17,177,000 after purchasing an additional 49,250 shares during the last quarter. Congress Wealth Management LLC DE acquired a new stake in Eversource Energy in the 4th quarter valued at about $304,000. Atria Investments LLC increased its position in Eversource Energy by 6.2% in the 4th quarter. Atria Investments LLC now owns 16,356 shares of the utilities provider’s stock valued at $1,488,000 after acquiring an additional 959 shares in the last quarter. Empirical Finance LLC increased its position in Eversource Energy by 37.6% in the 4th quarter. Empirical Finance LLC now owns 5,820 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 1,589 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its position in Eversource Energy by 13.3% in the 4th quarter. IndexIQ Advisors LLC now owns 6,741 shares of the utilities provider’s stock valued at $613,000 after acquiring an additional 793 shares in the last quarter. 80.18% of the stock is owned by hedge funds and other institutional investors.
In other Eversource Energy news, VP Jay S. Buth sold 725 shares of the company’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $82.97, for a total transaction of $60,153.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James W. Hunt III sold 4,444 shares of the company’s stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $90.00, for a total transaction of $399,960.00. Following the sale, the executive vice president now directly owns 16,115 shares in the company, valued at $1,450,350. The disclosure for this sale can be found here. In the last three months, insiders sold 10,374 shares of company stock worth $895,464. 0.38% of the stock is currently owned by insiders.
ES traded down $0.93 during trading on Monday, reaching $91.67. The company had a trading volume of 648,276 shares, compared to its average volume of 1,992,309. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.51. Eversource Energy has a 12 month low of $78.44 and a 12 month high of $93.33. The business’s fifty day moving average price is $85.72 and its 200 day moving average price is $86.22. The company has a market cap of $31.57 billion, a P/E ratio of 26.16, a PEG ratio of 3.64 and a beta of 0.43.
Eversource Energy (NYSE:ES – Get Rating) last announced its quarterly earnings results on Wednesday, February 16th. The utilities provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.02). Eversource Energy had a net margin of 12.34% and a return on equity of 9.29%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts predict that Eversource Energy will post 4.1 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 3rd were given a $0.6375 dividend. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Wednesday, March 2nd. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.60. Eversource Energy’s payout ratio is currently 72.03%.
About Eversource Energy (Get Rating)
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.
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