MANA Advisors LLC acquired a new position in shares of Eversource Energy (NYSE:ES) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,480 shares of the utilities provider’s stock, valued at approximately $346,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Calton & Associates Inc. acquired a new stake in Eversource Energy during the fourth quarter worth about $119,000. Risk Paradigm Group LLC increased its position in shares of Eversource Energy by 111.7% during the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 1,117 shares during the last quarter. Resources Investment Advisors Inc. increased its position in shares of Eversource Energy by 131.7% during the fourth quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 1,185 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Eversource Energy by 80.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 938 shares during the last quarter. Finally, Whittier Trust Co. increased its position in shares of Eversource Energy by 96.7% during the fourth quarter. Whittier Trust Co. now owns 2,360 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 1,160 shares during the last quarter. Hedge funds and other institutional investors own 73.85% of the company’s stock.

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Eversource Energy (ES) opened at $57.24 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. Eversource Energy has a 12 month low of $55.93 and a 12 month high of $66.15. The company has a market cap of $18,138.54, a P/E ratio of 18.41, a PEG ratio of 3.04 and a beta of 0.37.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). Eversource Energy had a net margin of 12.74% and a return on equity of 9.03%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the business posted $0.72 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. sell-side analysts expect that Eversource Energy will post 3.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be paid a $0.505 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 5th. This represents a $2.02 annualized dividend and a dividend yield of 3.53%. Eversource Energy’s dividend payout ratio (DPR) is presently 64.95%.

ES has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Morgan Stanley upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and set a $72.00 price target for the company in a research report on Wednesday, December 13th. Credit Suisse Group cut shares of Eversource Energy from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $63.00 to $59.00 in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Guggenheim reiterated a “buy” rating and set a $64.00 price target on shares of Eversource Energy in a research report on Friday, February 2nd. Finally, UBS Group initiated coverage on shares of Eversource Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $66.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.82.

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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.

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

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