Savant Capital LLC Has $2.59 Million Stock Holdings in Eversource Energy $ES

Savant Capital LLC boosted its holdings in shares of Eversource Energy (NYSE:ES) by 162.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,368 shares of the utilities provider’s stock after purchasing an additional 22,499 shares during the quarter. Savant Capital LLC’s holdings in Eversource Energy were worth $2,587,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new stake in shares of Eversource Energy in the second quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in Eversource Energy during the 3rd quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Eversource Energy in the 3rd quarter valued at $27,000. Trust Co. of Toledo NA OH acquired a new stake in Eversource Energy in the 2nd quarter worth $28,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Eversource Energy during the 2nd quarter worth about $31,000. 79.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ES has been the subject of several research reports. Scotiabank reduced their target price on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $73.00 to $85.00 in a research report on Tuesday, October 21st. JPMorgan Chase & Co. decreased their price objective on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Wells Fargo & Company lowered Eversource Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $79.00 to $63.00 in a research note on Wednesday, November 19th. Finally, UBS Group decreased their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.50.

Eversource Energy Trading Down 0.6%

Shares of ES opened at $67.30 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. The stock has a market cap of $25.25 billion, a PE ratio of 18.44, a PEG ratio of 2.30 and a beta of 0.77. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $75.25. The stock has a 50 day simple moving average of $68.08 and a 200-day simple moving average of $68.32.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. Eversource Energy’s dividend payout ratio (DPR) is 82.47%.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.