Alps Advisors Inc. Acquires 19,795 Shares of Eversource Energy $ES

Alps Advisors Inc. boosted its holdings in Eversource Energy (NYSE:ES) by 5.4% during the third quarter, Holdings Channel.com reports. The firm owned 386,853 shares of the utilities provider’s stock after acquiring an additional 19,795 shares during the quarter. Alps Advisors Inc.’s holdings in Eversource Energy were worth $27,521,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Canada Post Corp Registered Pension Plan increased its holdings in Eversource Energy by 50.6% during the third quarter. Canada Post Corp Registered Pension Plan now owns 6,610 shares of the utilities provider’s stock valued at $466,000 after buying an additional 2,220 shares during the last quarter. Ironwood Investment Counsel LLC lifted its position in shares of Eversource Energy by 7.0% in the third quarter. Ironwood Investment Counsel LLC now owns 19,711 shares of the utilities provider’s stock valued at $1,402,000 after acquiring an additional 1,285 shares in the last quarter. State of Michigan Retirement System boosted its stake in Eversource Energy by 0.4% in the 3rd quarter. State of Michigan Retirement System now owns 110,933 shares of the utilities provider’s stock worth $7,892,000 after purchasing an additional 400 shares during the period. John G Ullman & Associates Inc. boosted its position in shares of Eversource Energy by 44.6% during the third quarter. John G Ullman & Associates Inc. now owns 162,925 shares of the utilities provider’s stock worth $11,590,000 after acquiring an additional 50,223 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Eversource Energy by 2.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 13,129 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 269 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

Shares of ES opened at $67.30 on Friday. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. The firm has a 50-day simple moving average of $68.08 and a two-hundred day simple moving average of $68.32. The stock has a market cap of $25.25 billion, a PE ratio of 18.44, a P/E/G ratio of 2.30 and a beta of 0.77.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is presently 82.47%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ES shares. Mizuho reiterated a “neutral” rating and set a $68.00 price objective (down previously from $81.00) on shares of Eversource Energy in a research report on Thursday, November 20th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. JPMorgan Chase & Co. cut their target price on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research report on Friday, December 12th. UBS Group reduced their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average price target of $71.50.

Eversource Energy Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.