Oregon Public Employees Retirement Fund Has $3.02 Million Stock Position in Eversource Energy $ES

Oregon Public Employees Retirement Fund lifted its position in shares of Eversource Energy (NYSE:ES) by 34.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,460 shares of the utilities provider’s stock after acquiring an additional 10,775 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Eversource Energy were worth $3,021,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Empowered Funds LLC increased its position in Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares during the period. Woodline Partners LP lifted its position in Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after purchasing an additional 8,984 shares during the period. Integrity Alliance LLC. bought a new position in shares of Eversource Energy in the 1st quarter valued at about $280,000. Belpointe Asset Management LLC grew its position in shares of Eversource Energy by 4.2% during the 1st quarter. Belpointe Asset Management LLC now owns 6,993 shares of the utilities provider’s stock worth $434,000 after buying an additional 284 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Eversource Energy by 21.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,811 shares of the utilities provider’s stock worth $112,000 after buying an additional 314 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of several analyst reports. BMO Capital Markets cut their price objective on shares of Eversource Energy from $79.00 to $77.00 and set a “market perform” rating on the stock in a report on Thursday, November 6th. UBS Group cut their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Monday, November 24th. JPMorgan Chase & Co. dropped their price objective on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.27.

Insider Activity

In related news, EVP James W. Hunt III sold 4,129 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $72.77, for a total transaction of $300,467.33. Following the completion of the sale, the executive vice president directly owned 32,415 shares of the company’s stock, valued at approximately $2,358,839.55. This represents a 11.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Price Performance

Shares of ES stock opened at $67.78 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $75.25. The firm has a fifty day moving average of $68.44 and a 200-day moving average of $67.70. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.76.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.12 by $0.07. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.28 billion. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. On average, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Wednesday, December 17th. Eversource Energy’s payout ratio is 82.47%.

Eversource Energy Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.