Eversource Energy (ES) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in Eversource Energy (NYSE:ES) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,947 shares of the utilities provider’s stock after purchasing an additional 24,436 shares during the period. Victory Capital Management Inc. owned about 0.08% of Eversource Energy worth $15,981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of 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 worth $118,000 after purchasing an additional 32 shares during the last quarter. 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 worth $128,000 after purchasing an additional 1,117 shares during 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 worth $132,000 after purchasing an additional 1,185 shares during the last quarter. 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 worth $133,000 after purchasing an additional 938 shares during the last quarter. Finally, WFG Advisors LP grew its holdings in Eversource Energy by 127.8% during the 2nd quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 1,380 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Several research analysts have issued reports on the stock. Morgan Stanley cut shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and set a $63.00 target price on the stock. in a report on Tuesday. Bank of America dropped their target price on shares of Eversource Energy from $64.00 to $59.00 and set an “underperform” rating on the stock in a report on Friday, February 2nd. Citigroup cut shares of Eversource Energy from a “neutral” rating to a “sell” rating in a report on Friday, February 2nd. Janney Montgomery Scott cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, UBS Group assumed coverage on shares of Eversource Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $66.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.63.

Eversource Energy (ES) opened at $57.62 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. Eversource Energy has a 1-year low of $55.20 and a 1-year high of $66.15. The stock has a market cap of $18,230.44, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.89 and a beta of 0.27.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be issued a $0.505 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.48. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is currently 61.69%.

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Eversource Energy 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.

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

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