State of Tennessee Treasury Department raised its position in Eversource Energy (NYSE:ES) by 36.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,748 shares of the utilities provider’s stock after acquiring an additional 47,353 shares during the quarter. State of Tennessee Treasury Department owned 0.05% of Eversource Energy worth $13,980,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Advisory Alpha LLC acquired a new stake in Eversource Energy in the first quarter valued at approximately $29,000. Lloyd Advisory Services LLC. acquired a new stake in Eversource Energy in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc grew its position in Eversource Energy by 36.9% in the first quarter. Versant Capital Management Inc now owns 456 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 123 shares in the last quarter. Covington Capital Management acquired a new stake in Eversource Energy in the fourth quarter valued at approximately $41,000. Finally, Verus Capital Partners LLC acquired a new stake in Eversource Energy in the fourth quarter valued at approximately $42,000. 78.18% of the stock is owned by institutional investors.

Several brokerages have issued reports on ES. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, May 12th. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Monday, April 13th. Evercore ISI raised shares of Eversource Energy from an “underperform” rating to an “in-line” rating and decreased their price target for the stock from $93.00 to $91.00 in a research report on Monday, April 20th. Barclays decreased their price target on shares of Eversource Energy from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, May 22nd. Finally, UBS Group raised their price target on shares of Eversource Energy from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $90.06.

ES traded down $0.41 on Friday, hitting $81.95. The company had a trading volume of 20,321 shares, compared to its average volume of 2,017,372. The company’s fifty day moving average price is $81.54 and its 200 day moving average price is $85.12. Eversource Energy has a 1-year low of $60.69 and a 1-year high of $99.42. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.67. The stock has a market cap of $27.73 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 3.69 and a beta of 0.36.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. Eversource Energy had a return on equity of 9.16% and a net margin of 11.02%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. On average, sell-side analysts forecast that Eversource Energy will post 3.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.5675 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, May 19th. Eversource Energy’s dividend payout ratio is presently 65.80%.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

Further Reading: Market Indexes

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

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