Soltis Investment Advisors LLC Boosts Stock Holdings in Eversource Energy (NYSE:ES)

Soltis Investment Advisors LLC boosted its holdings in shares of Eversource Energy (NYSE:ES) 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 buying an additional 19,465 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Eversource Energy were worth $4,169,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Wingate Wealth Advisors Inc. purchased a new position in Eversource Energy in the fourth quarter valued at about $65,000. Savant Capital LLC increased its position in shares of 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 purchasing an additional 347 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Eversource Energy by 36.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 53,476 shares of the utilities provider’s stock valued at $3,071,000 after purchasing an additional 14,312 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Eversource Energy in the 4th quarter worth $1,616,000. Finally, Empowered Funds LLC increased its position in Eversource Energy by 58.0% during the 4th quarter. Empowered Funds LLC now owns 14,830 shares of the utilities provider’s stock valued at $852,000 after buying an additional 5,441 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ES. Jefferies Financial Group lowered their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their price objective for the company from $66.00 to $56.00 in a report on Thursday, December 12th. BMO Capital Markets decreased their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Finally, Barclays reduced 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 report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.42.

Eversource Energy Stock Performance

ES stock opened at $59.42 on Monday. Eversource Energy has a 52 week low of $52.71 and a 52 week high of $69.01. 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 firm has a 50-day simple moving average of $57.99 and a 200-day simple moving average of $62.75.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a $0.7525 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 5.07%. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently -182.17%.

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.