Elkhorn Investments LLC decreased its position in Eversource Energy (NYSE:ES) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,430 shares of the utilities provider’s stock after selling 1,130 shares during the period. Elkhorn Investments LLC’s holdings in Eversource Energy were worth $1,196,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in Eversource Energy by 7.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 61,084 shares of the utilities provider’s stock worth $3,692,000 after purchasing an additional 3,998 shares during the period. Victory Capital Management Inc. boosted its stake in Eversource Energy by 40.3% in the 3rd quarter. Victory Capital Management Inc. now owns 228,511 shares of the utilities provider’s stock worth $13,811,000 after purchasing an additional 65,679 shares during the period. Prudential Financial Inc. boosted its stake in Eversource Energy by 1.6% in the 3rd quarter. Prudential Financial Inc. now owns 463,615 shares of the utilities provider’s stock worth $28,021,000 after purchasing an additional 7,120 shares during the period. Bessemer Group Inc. boosted its stake in Eversource Energy by 64.6% in the 3rd quarter. Bessemer Group Inc. now owns 5,920 shares of the utilities provider’s stock worth $358,000 after purchasing an additional 2,324 shares during the period. Finally, Global X MANAGEMENT CO LLC boosted its stake in Eversource Energy by 16.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,395 shares of the utilities provider’s stock worth $568,000 after purchasing an additional 1,327 shares during the period. 73.85% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

Shares of Eversource Energy (NYSE ES) traded up $0.75 during trading hours on Wednesday, reaching $57.43. 79,409 shares of the company’s stock traded hands, compared to its average volume of 2,713,925. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. Eversource Energy has a 52-week low of $55.93 and a 52-week high of $66.15. The company has a market cap of $18,081.50, a PE ratio of 18.23, a PEG ratio of 3.04 and a beta of 0.37.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). Eversource Energy had a return on equity of 9.03% and a net margin of 12.74%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm earned $0.72 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. research analysts expect that Eversource Energy will post 3.26 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.52%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 5th. Eversource Energy’s dividend payout ratio is presently 64.95%.

A number of brokerages recently weighed in on ES. Evercore ISI began coverage on shares of Eversource Energy in a research note on Thursday, March 8th. They issued an “outperform” rating and a $62.00 target price for the company. Morgan Stanley set a $60.00 target price on shares of Eversource Energy and gave the stock a “hold” rating in a research note on Thursday, March 8th. Williams Capital reaffirmed a “buy” rating and issued a $63.00 target price (down from $65.00) on shares of Eversource Energy in a research note on Thursday, March 1st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $65.00 target price (down from $72.00) on shares of Eversource Energy in a research note on Monday, February 26th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $59.00 target price on shares of Eversource Energy in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.82.

ILLEGAL ACTIVITY WARNING: “Eversource Energy (ES) Shares Sold by Elkhorn Investments LLC” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/03/14/eversource-energy-es-shares-sold-by-elkhorn-investments-llc.html.

Eversource Energy Profile

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).

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.