Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $39.04 Million Stock Position in Eversource Energy (NYSE:ES)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Eversource Energy (NYSE:ES) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 679,828 shares of the utilities provider’s stock after buying an additional 10,422 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of Eversource Energy worth $39,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at about $29,000. Assetmark Inc. raised its holdings in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock worth $29,000 after buying an additional 254 shares during the period. Brooklyn Investment Group bought a new position in Eversource Energy in the third quarter valued at approximately $31,000. Venturi Wealth Management LLC boosted its holdings in shares of Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock valued at $34,000 after buying an additional 301 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Eversource Energy during the fourth quarter worth $35,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Performance

Shares of ES stock opened at $61.57 on Thursday. The stock has a market cap of $22.60 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a fifty day moving average price of $59.74 and a two-hundred day moving average price of $61.93. Eversource Energy has a one year low of $54.75 and a one year high of $69.01. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last issued its 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 net margin of 6.82% and a return on equity of 10.99%. As a group, equities analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

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

Insider Buying and Selling

In related news, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the sale, the vice president now owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the 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 transaction, the insider now directly owns 22,671 shares in the company, valued at approximately $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. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.