Illinois Municipal Retirement Fund Buys New Stake in Eversource Energy (NYSE:ES)

Illinois Municipal Retirement Fund bought a new stake in Eversource Energy (NYSE:ES) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,434 shares of the utilities provider’s stock, valued at approximately $632,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mason Street Advisors LLC increased its position in Eversource Energy by 0.7% in the 3rd quarter. Mason Street Advisors LLC now owns 46,103 shares of the utilities provider’s stock valued at $3,940,000 after acquiring an additional 309 shares during the period. Massachusetts Financial Services Co. MA increased its position in Eversource Energy by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,597,047 shares of the utilities provider’s stock valued at $136,499,000 after acquiring an additional 23,888 shares during the period. Tiedemann Advisors LLC increased its position in Eversource Energy by 3.4% in the 3rd quarter. Tiedemann Advisors LLC now owns 59,298 shares of the utilities provider’s stock valued at $5,068,000 after acquiring an additional 1,938 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Eversource Energy by 14.9% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,885 shares of the utilities provider’s stock valued at $332,000 after acquiring an additional 504 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in Eversource Energy by 3.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,510 shares of the utilities provider’s stock valued at $385,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Several research firms recently commented on ES. UBS Group cut Eversource Energy from a “buy” rating to a “neutral” rating and set a $91.00 target price on the stock. in a research report on Tuesday, October 29th. KeyCorp lowered their target price on Eversource Energy from $95.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Credit Suisse Group cut Eversource Energy from an “outperform” rating to a “neutral” rating and set a $86.00 target price on the stock. in a research report on Friday, January 17th. Morgan Stanley lifted their price target on Eversource Energy from $85.00 to $91.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Citigroup lowered their price target on Eversource Energy from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.36.

Shares of ES stock opened at $93.66 on Friday. Eversource Energy has a 1 year low of $68.38 and a 1 year high of $93.81. The stock has a market cap of $29.94 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.18. The business’s fifty day moving average is $88.10 and its 200-day moving average is $83.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.54 and a current ratio of 0.59.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.5675 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a boost from Eversource Energy’s previous quarterly dividend of $0.54. This represents a $2.27 annualized dividend and a dividend yield of 2.42%. Eversource Energy’s dividend payout ratio (DPR) is 65.24%.

About Eversource Energy

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.

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

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