Stoneridge Investment Partners LLC Invests $1.62 Million in Eversource Energy (NYSE:ES)

Stoneridge Investment Partners LLC acquired a new position in Eversource Energy (NYSE:ES) in the 4th quarter, Holdings Channel reports. The firm acquired 28,134 shares of the utilities provider’s stock, valued at approximately $1,616,000.

Several other large investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased its position in shares of Eversource Energy by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 166 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Eversource Energy by 10.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 176 shares in the last quarter. UMB Bank n.a. increased its position in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 197 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Eversource Energy by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after acquiring an additional 200 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Eversource Energy by 1.8% in the third quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock worth $812,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ES shares. BMO Capital Markets decreased their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their target price for the company from $66.00 to $56.00 in a research note on Thursday, December 12th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Barclays decreased their target price 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, Jefferies Financial Group decreased 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $67.42.

Eversource Energy Stock Up 0.8 %

NYSE ES opened at $59.42 on Friday. Eversource Energy has a 12 month low of $52.71 and a 12 month high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The company’s fifty day moving average price is $57.99 and its two-hundred day moving average price is $62.73.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.07%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is -182.17%.

About Eversource Energy

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.