Pathway Financial Advisers LLC reduced its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 98.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 712 shares of the utilities provider's stock after selling 47,740 shares during the quarter. Pathway Financial Advisers LLC's holdings in Eversource Energy were worth $41,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its position in Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider's stock worth $418,000 after purchasing an additional 166 shares during the period. Exchange Traded Concepts LLC boosted its position in Eversource Energy by 10.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after purchasing an additional 176 shares during the period. UMB Bank n.a. boosted its position in Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after purchasing an additional 197 shares during the period. Louisiana State Employees Retirement System boosted its position in Eversource Energy by 1.0% during the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider's stock worth $1,368,000 after purchasing an additional 200 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Eversource Energy by 1.8% during the third quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider's stock worth $812,000 after buying an additional 206 shares in the last quarter. 79.99% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ES has been the subject of a number of analyst reports. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Barclays lowered their target price on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. StockNews.com downgraded Eversource Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Wells Fargo & Company lowered their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Scotiabank reduced their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $67.45.
Check Out Our Latest Stock Report on Eversource Energy
Eversource Energy Trading Down 1.5 %
ES traded down $0.93 during trading on Monday, hitting $61.57. The company's stock had a trading volume of 3,268,740 shares, compared to its average volume of 3,088,778. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The stock's fifty day moving average price is $57.95 and its 200-day moving average price is $62.62. The firm has a market capitalization of $22.56 billion, a P/E ratio of -39.22, a PEG ratio of 2.25 and a beta of 0.62.
Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping 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%. Analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.
Eversource Energy Increases Dividend
The business also recently declared 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. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Tuesday, March 4th. Eversource Energy's dividend payout ratio is presently -182.17%.
Eversource Energy 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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