Eversource Energy (ES) Stake Boosted by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in Eversource Energy (NYSE:ES) by 43.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,493 shares of the utilities provider’s stock after acquiring an additional 1,975 shares during the period. Park Avenue Securities LLC’s holdings in Eversource Energy were worth $410,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ES. Advisory Services Network LLC grew its holdings in shares of Eversource Energy by 1.7% in the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 32 shares in the last quarter. Calton & Associates Inc. bought a new position in shares of Eversource Energy in the fourth quarter valued at approximately $119,000. Risk Paradigm Group LLC grew its holdings in shares of Eversource Energy by 111.7% in the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 1,117 shares in the last quarter. Resources Investment Advisors Inc. grew its holdings in shares of Eversource Energy by 131.7% in the fourth quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Eversource Energy by 80.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 938 shares in the last quarter. 71.76% of the stock is owned by institutional investors.

Several equities analysts have weighed in on ES shares. Bank of America reduced their price objective on Eversource Energy from $64.00 to $59.00 and set an “underperform” rating for the company in a report on Friday, February 2nd. Morgan Stanley raised Eversource Energy from an “equal weight” rating to an “overweight” rating and set a $72.00 price objective for the company in a report on Wednesday, December 13th. Guggenheim reissued a “buy” rating and set a $64.00 price objective on shares of Eversource Energy in a report on Friday, February 2nd. UBS Group started coverage on Eversource Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $66.00 price objective for the company. Finally, Janney Montgomery Scott lowered Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Eversource Energy currently has an average rating of “Hold” and a consensus price target of $63.63.

Eversource Energy (NYSE ES) opened at $57.02 on Friday. Eversource Energy has a twelve month low of $55.20 and a twelve month high of $66.15. The firm has a market capitalization of $17,780.46, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.81 and a beta of 0.27. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 6th will be issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 3.54%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 5th. Eversource Energy’s dividend payout ratio is 61.69%.

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Eversource Energy Company 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.

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

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