ProShare Advisors LLC Sells 207,630 Shares of Eversource Energy $ES

ProShare Advisors LLC lessened its position in Eversource Energy (NYSE:ES) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,616,701 shares of the utilities provider’s stock after selling 207,630 shares during the quarter. ProShare Advisors LLC owned 0.71% of Eversource Energy worth $186,152,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ES. United Asset Strategies Inc. raised its position in Eversource Energy by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock worth $945,000 after purchasing an additional 138 shares during the period. Mystic Asset Management Inc. boosted its position in shares of Eversource Energy by 0.9% during the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after buying an additional 150 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Eversource Energy by 3.3% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock valued at $360,000 after buying an additional 162 shares during the last quarter. PDS Planning Inc raised its holdings in shares of Eversource Energy by 4.7% in the second quarter. PDS Planning Inc now owns 3,840 shares of the utilities provider’s stock worth $244,000 after buying an additional 173 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its holdings in shares of Eversource Energy by 2.9% in the second quarter. Avidian Wealth Enterprises LLC now owns 6,179 shares of the utilities provider’s stock worth $393,000 after buying an additional 176 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

Shares of ES stock opened at $67.30 on Monday. The stock’s 50-day moving average is $68.08 and its 200 day moving average is $68.33. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. The company has a market cap of $25.25 billion, a P/E ratio of 18.44, a PEG ratio of 2.30 and a beta of 0.77.

Eversource Energy Increases Dividend

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

Analysts Set New Price Targets

ES has been the topic of several research analyst reports. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Monday, November 24th. Wells Fargo & Company downgraded Eversource Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $79.00 to $63.00 in a research report on Wednesday, November 19th. Mizuho reaffirmed a “neutral” rating and issued a $68.00 price target (down previously from $81.00) on shares of Eversource Energy in a research note on Thursday, November 20th. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.50.

About Eversource Energy

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.