Eversource Energy (NYSE:ES) Stock Holdings Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in Eversource Energy (NYSE:ES) by 0.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,784 shares of the utilities provider’s stock after acquiring an additional 270 shares during the period. State of Alaska Department of Revenue’s holdings in Eversource Energy were worth $2,399,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Eversource Energy in the third quarter worth approximately $31,000. Ashton Thomas Securities LLC acquired a new position in Eversource Energy in the third quarter worth approximately $32,000. UMB Bank n.a. increased its holdings in Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC increased its holdings in Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in Eversource Energy in the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of several analyst reports. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Scotiabank downgraded Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price target for the company from $66.00 to $56.00 in a report on Thursday, December 12th. BMO Capital Markets lowered their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Barclays lowered their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and an average target price of $67.42.

Eversource Energy Stock Up 1.9 %

Shares of ES stock opened at $60.52 on Tuesday. The stock has a market cap of $22.17 billion, a P/E ratio of -38.55, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. Eversource Energy has a one year low of $53.76 and a one year high of $69.01. The stock has a fifty day moving average price of $57.99 and a 200 day moving average price of $62.74. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 4.97%. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is -191.72%.

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.