WINTON GROUP Ltd Trims Holdings in Eversource Energy (ES)

WINTON GROUP Ltd trimmed its position in shares of Eversource Energy (NYSE:ES) by 35.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,680 shares of the utilities provider’s stock after selling 4,761 shares during the period. WINTON GROUP Ltd’s holdings in Eversource Energy were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Eversource Energy by 4.1% during the first quarter. BlackRock Inc. now owns 26,232,482 shares of the utilities provider’s stock worth $1,545,618,000 after acquiring an additional 1,031,761 shares in the last quarter. Thomaspartners Inc. lifted its position in shares of Eversource Energy by 4.5% during the first quarter. Thomaspartners Inc. now owns 4,471,212 shares of the utilities provider’s stock worth $263,444,000 after acquiring an additional 191,651 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Eversource Energy by 22.5% during the first quarter. American Century Companies Inc. now owns 3,160,329 shares of the utilities provider’s stock worth $186,207,000 after acquiring an additional 579,827 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Eversource Energy by 2.4% during the first quarter. Legal & General Group Plc now owns 2,975,596 shares of the utilities provider’s stock worth $175,334,000 after acquiring an additional 70,057 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Eversource Energy by 0.5% during the first quarter. Royal Bank of Canada now owns 2,853,936 shares of the utilities provider’s stock worth $168,153,000 after acquiring an additional 15,530 shares in the last quarter. Hedge funds and other institutional investors own 73.78% of the company’s stock.

In other Eversource Energy news, EVP Joseph R. Nolan, Jr. sold 6,282 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $57.03, for a total transaction of $358,262.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Christine M. Carmody sold 21,500 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $57.79, for a total value of $1,242,485.00. The disclosure for this sale can be found here. Insiders sold 28,117 shares of company stock worth $1,619,856 in the last quarter. 0.53% of the stock is currently owned by company insiders.

Shares of ES stock opened at $59.72 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.07. Eversource Energy has a 52-week low of $52.76 and a 52-week high of $66.15. The firm has a market capitalization of $18.86 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 3.19 and a beta of 0.32.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.85. Eversource Energy had a return on equity of 9.04% and a net margin of 12.58%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. analysts predict that Eversource Energy will post 3.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Thursday, May 24th were given a $0.505 dividend. The ex-dividend date was Wednesday, May 23rd. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.38%. Eversource Energy’s dividend payout ratio (DPR) is presently 64.95%.

ES has been the topic of several recent research reports. Zacks Investment Research upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Credit Suisse Group set a $59.00 target price on Eversource Energy and gave the stock a “hold” rating in a research report on Thursday, March 29th. Morgan Stanley dropped their target price on Eversource Energy from $62.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 13th. UBS Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, April 2nd. Finally, Evercore ISI initiated coverage on Eversource Energy in a research report on Thursday, March 8th. They set an “outperform” rating and a $62.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $62.54.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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