Eversource Energy (NYSE:ES) Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,601 shares of the utilities provider's stock after acquiring an additional 19,465 shares during the period. Soltis Investment Advisors LLC's holdings in Eversource Energy were worth $4,169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wingate Wealth Advisors Inc. acquired a new stake in Eversource Energy during the fourth quarter worth about $65,000. Savant Capital LLC grew its holdings in Eversource Energy by 2.9% during the fourth quarter. Savant Capital LLC now owns 12,202 shares of the utilities provider's stock worth $701,000 after acquiring an additional 347 shares during the period. Kestra Private Wealth Services LLC grew its holdings in Eversource Energy by 36.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 53,476 shares of the utilities provider's stock worth $3,071,000 after acquiring an additional 14,312 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Eversource Energy during the fourth quarter worth approximately $1,616,000. Finally, Empowered Funds LLC boosted its position in Eversource Energy by 58.0% during the fourth quarter. Empowered Funds LLC now owns 14,830 shares of the utilities provider's stock worth $852,000 after purchasing an additional 5,441 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Up 4.7 %

Eversource Energy stock traded up $2.78 during trading on Thursday, reaching $62.50. 5,354,785 shares of the company were exchanged, compared to its average volume of 3,110,430. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The company has a market capitalization of $22.90 billion, a P/E ratio of -39.81, a PEG ratio of 2.25 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The stock's 50 day simple moving average is $57.89 and its two-hundred day simple moving average is $62.68.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. On average, equities research analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.82%. Eversource Energy's dividend payout ratio (DPR) is -182.17%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ES shares. Barclays lowered their price target on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Jefferies Financial Group lowered their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research report on Monday. Wells Fargo & Company lowered their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Scotiabank lowered their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $67.00.

Eversource Energy Company Profile

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.