Pacer Advisors Inc. Acquires 11,414 Shares of Eversource Energy (NYSE:ES)

Pacer Advisors Inc. lifted its holdings in shares of Eversource Energy (NYSE:ES) by 43.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,608 shares of the utilities provider’s stock after purchasing an additional 11,414 shares during the quarter. Pacer Advisors Inc.’s holdings in Eversource Energy were worth $2,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. KBC Group NV grew its stake in Eversource Energy by 1.0% in the 4th quarter. KBC Group NV now owns 319,048 shares of the utilities provider’s stock worth $18,323,000 after buying an additional 3,019 shares in the last quarter. Blue Trust Inc. increased its stake in Eversource Energy by 49.6% in the fourth quarter. Blue Trust Inc. now owns 3,510 shares of the utilities provider’s stock valued at $202,000 after acquiring an additional 1,163 shares during the last quarter. PFG Investments LLC increased its stake in Eversource Energy by 6.9% in the fourth quarter. PFG Investments LLC now owns 17,948 shares of the utilities provider’s stock valued at $1,031,000 after acquiring an additional 1,161 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Eversource Energy by 3.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 13,700 shares of the utilities provider’s stock worth $787,000 after purchasing an additional 395 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Eversource Energy by 1.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 26,944 shares of the utilities provider’s stock worth $1,547,000 after purchasing an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.4 %

ES opened at $57.64 on Friday. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of -36.71, a PEG ratio of 2.19 and a beta of 0.62. Eversource Energy has a one year low of $52.71 and a one year high of $69.01. The business has a 50 day simple moving average of $58.66 and a two-hundred day simple moving average of $62.83. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. Analysts predict that Eversource Energy will post 4.56 EPS for the current year.

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 given a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 5.22%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently -182.17%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ES shares. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday. BMO Capital Markets reduced their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Barclays lowered their price target 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, Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price objective for the company from $66.00 to $56.00 in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $67.42.

Eversource Energy 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.