Victory Capital Management Inc. grew its position in Eversource Energy (NYSE:ES) by 10.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 252,947 shares of the utilities provider’s stock after acquiring an additional 24,436 shares during the quarter. Victory Capital Management Inc.’s holdings in Eversource Energy were worth $15,981,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ES. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Eversource Energy by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 911,755 shares of the utilities provider’s stock valued at $55,106,000 after purchasing an additional 10,934 shares during the last quarter. Troy Asset Management Ltd raised its position in shares of Eversource Energy by 14.4% in the 3rd quarter. Troy Asset Management Ltd now owns 55,500 shares of the utilities provider’s stock valued at $3,354,000 after purchasing an additional 7,000 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Eversource Energy by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 107,349 shares of the utilities provider’s stock valued at $6,516,000 after purchasing an additional 21,833 shares during the last quarter. Commerce Bank raised its position in shares of Eversource Energy by 1.2% in the 3rd quarter. Commerce Bank now owns 346,419 shares of the utilities provider’s stock valued at $20,938,000 after purchasing an additional 4,160 shares during the last quarter. Finally, FDO Partners LLC purchased a new position in shares of Eversource Energy in the 3rd quarter valued at approximately $3,767,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

Eversource Energy (NYSE ES) opened at $57.62 on Wednesday. Eversource Energy has a 1 year low of $55.20 and a 1 year high of $66.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market cap of $18,230.44, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.89 and a beta of 0.27.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 6th will be given a dividend of $0.505 per share. The ex-dividend date is Monday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.48. This represents a $2.02 dividend on an annualized basis and a yield of 3.51%. Eversource Energy’s dividend payout ratio (DPR) is currently 61.69%.

Several equities analysts recently commented on ES shares. Morgan Stanley raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and set a $72.00 price objective for the company in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Citigroup lowered shares of Eversource Energy from a “neutral” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Williams Capital increased their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Eversource Energy presently has an average rating of “Hold” and a consensus target price of $63.63.

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Eversource Energy Company 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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