Soltis Investment Advisors LLC lifted its stake in shares of Eversource Energy (NYSE:ES – Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,640 shares of the utilities provider’s stock after acquiring an additional 11,575 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Eversource Energy were worth $8,318,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. United Asset Strategies Inc. lifted its holdings in Eversource Energy by 2.8% in the 3rd quarter. United Asset Strategies Inc. now owns 13,991 shares of the utilities provider’s stock worth $898,000 after purchasing an additional 385 shares during the last quarter. Choreo LLC grew its holdings in Eversource Energy by 9.0% during the third quarter. Choreo LLC now owns 8,876 shares of the utilities provider’s stock valued at $570,000 after purchasing an additional 732 shares during the last quarter. Interchange Capital Partners LLC grew its holdings in Eversource Energy by 27.4% during the third quarter. Interchange Capital Partners LLC now owns 3,762 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 808 shares during the last quarter. Childress Capital Advisors LLC acquired a new position in Eversource Energy during the third quarter valued at approximately $209,000. Finally, North Dakota State Investment Board raised its position in shares of Eversource Energy by 3.2% in the third quarter. North Dakota State Investment Board now owns 11,517 shares of the utilities provider’s stock valued at $739,000 after purchasing an additional 352 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.
Analyst Ratings Changes
ES has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. HSBC assumed coverage on shares of Eversource Energy in a report on Thursday, October 22nd. They set a “hold” rating and a $70.00 price objective for the company. Mizuho raised their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on shares of Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a report on Monday, October 19th. Finally, Citigroup began coverage on shares of Eversource Energy in a research report on Monday, July 27th. They set a “hold” rating and a $81.00 target price for the company. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $72.91.
Read Our Latest Stock Analysis on Eversource Energy
Eversource Energy Price Performance
Shares of NYSE:ES opened at $67.78 on Friday. The business has a 50 day moving average price of $67.51 and a 200 day moving average price of $70.02. Eversource Energy has a twelve month low of $62.72 and a twelve month high of $76.57. The company has a market cap of $25.53 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.91 and a beta of 0.67. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.
Eversource Energy (NYSE:ES – Get Free Report) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. Research analysts predict that Eversource Energy will post 4.63 earnings per share for the current year.
Eversource Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7875 per share. The ex-dividend date was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy’s payout ratio is 81.61%.
About Eversource Energy
Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.
The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.
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