Jump Financial LLC Sells 1,670 Shares of Eversource Energy (NYSE:ES)

Jump Financial LLC reduced its holdings in shares of Eversource Energy (NYSE:ESFree Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,438 shares of the utilities provider’s stock after selling 1,670 shares during the quarter. Jump Financial LLC’s holdings in Eversource Energy were worth $1,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ES. Exchange Traded Concepts LLC purchased a new stake in shares of Eversource Energy during the 4th quarter worth approximately $26,000. Bfsg LLC bought a new position in Eversource Energy during the fourth quarter valued at $31,000. Hexagon Capital Partners LLC increased its position in Eversource Energy by 84.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 596 shares of the utilities provider’s stock worth $37,000 after buying an additional 272 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Eversource Energy in the fourth quarter valued at $43,000. Finally, MV Capital Management Inc. lifted its position in shares of Eversource Energy by 40.4% during the 3rd quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider’s stock valued at $42,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity

In other news, insider Linda Dorcena Forry sold 822 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares in the company, valued at approximately $609,388.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Linda Dorcena Forry sold 822 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares in the company, valued at approximately $609,388.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the transaction, the insider now owns 21,621 shares in the company, valued at $1,245,369.60. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Eversource Energy Stock Up 0.6 %

Shares of NYSE ES opened at $60.53 on Thursday. The business has a 50-day moving average of $59.57 and a 200-day moving average of $58.52. The firm has a market capitalization of $21.32 billion, a price-to-earnings ratio of -51.30, a PEG ratio of 3.28 and a beta of 0.57. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $77.17.

Eversource Energy (NYSE:ESGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. Sell-side analysts expect that Eversource Energy will post 4.49 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Wednesday, May 15th. Eversource Energy’s payout ratio is currently -242.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ES shares. The Goldman Sachs Group initiated coverage on Eversource Energy in a research note on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price objective on the stock. UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $62.00 to $67.00 in a research report on Thursday, April 4th. Argus cut their price objective on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a report on Monday, March 25th. BMO Capital Markets lifted their price objective on shares of Eversource Energy from $65.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company increased their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.86.

Get Our Latest Research Report on ES

Eversource Energy Profile

(Free Report)

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.

See Also

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

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.