Soltis Investment Advisors LLC Boosts Position in Eversource Energy (NYSE:ES)

Soltis Investment Advisors LLC raised its position in Eversource Energy (NYSE:ES) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,601 shares of the utilities provider’s stock after purchasing an additional 19,465 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Eversource Energy were worth $4,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. increased its position in shares of Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock valued at $418,000 after acquiring an additional 166 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock valued at $107,000 after buying an additional 176 shares during the period. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after buying an additional 197 shares during the period. Louisiana State Employees Retirement System lifted its stake in Eversource Energy by 1.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after acquiring an additional 200 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Eversource Energy by 1.8% during the 3rd quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock valued at $812,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. Barclays lowered their target price on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets decreased their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.42.

Eversource Energy Stock Up 0.8 %

ES opened at $59.42 on Monday. The business has a 50 day moving average price of $57.99 and a two-hundred day moving average price of $62.75. Eversource Energy has a 52 week low of $52.71 and a 52 week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 5.07%. Eversource Energy’s dividend payout ratio (DPR) is currently -182.17%.

About Eversource Energy

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.