5 Best Utility Dividend Stocks To Buy

3. Eversource Energy (NYSE:ES)

Number of Hedge Fund Holders: 32

Dividend Yield as of October 28: 3.32%

Eversource Energy (NYSE:ES) is a Massachusetts-based public utility holding company, engaged in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. Eversource Energy (NYSE:ES) distributed a $0.6375 per share quarterly dividend to shareholders on September 30. With a dividend yield of 3.32% as of October 28, Eversource Energy (NYSE:ES) is one of the best dividend stocks to invest in. 

On October 24, Guggenheim assigned a Buy rating to Eversource Energy (NYSE:ES) and lowered the firm’s price target on the shares to $82 from $97. Analyst Shahriar Pourreza issued the ratings update.

According to Insider Monkey’s Q2 data, 32 hedge funds were long Eversource Energy (NYSE:ES), with collective stakes worth $705.6 million, compared to 29 funds in the prior quarter worth $910.2 million. Stuart J. Zimmer’s Zimmer Partners is the biggest position holder in the company, with more than 2 million shares valued at $172.5 million. 

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