Kestra Private Wealth Services LLC raised its holdings in Eversource Energy (NYSE:ES - Free Report) by 36.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,476 shares of the utilities provider's stock after purchasing an additional 14,312 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Eversource Energy were worth $3,071,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ES. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Eversource Energy by 33.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock valued at $2,306,000 after buying an additional 9,981 shares during the period. Verity & Verity LLC purchased a new stake in shares of Eversource Energy in the 4th quarter valued at $744,000. Nordea Investment Management AB increased its holdings in Eversource Energy by 41.7% during the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock worth $99,554,000 after purchasing an additional 510,582 shares during the period. Landscape Capital Management L.L.C. increased its holdings in Eversource Energy by 46.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider's stock worth $2,151,000 after purchasing an additional 10,093 shares during the period. Finally, Everett Harris & Co. CA increased its holdings in Eversource Energy by 125.2% during the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider's stock worth $465,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 79.99% of the company's stock.
Eversource Energy Stock Performance
Shares of NYSE ES traded down $0.93 during trading hours on Friday, reaching $61.57. The stock had a trading volume of 3,268,740 shares, compared to its average volume of 3,115,717. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of -39.22, a PEG ratio of 2.25 and a beta of 0.62. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The firm has a 50-day moving average of $57.91 and a 200-day moving average of $62.68.
Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Equities research analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.
Eversource Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.89%. Eversource Energy's dividend payout ratio is -182.17%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Jefferies Financial Group cut their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Guggenheim restated a "buy" rating on shares of Eversource Energy in a report on Monday. StockNews.com downgraded Eversource Energy from a "hold" rating to a "sell" rating in a report on Thursday. Barclays cut their price target on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.00.
Read Our Latest Analysis on ES
Eversource Energy Company Profile
(
Free Report)
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.
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