QS Investors LLC raised its stake in Eversource Energy (NYSE:ES) by 325.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,688 shares of the utilities provider’s stock after buying an additional 106,096 shares during the period. QS Investors LLC’s holdings in Eversource Energy were worth $8,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in Eversource Energy in the 4th quarter valued at about $119,000. Risk Paradigm Group LLC raised its holdings in shares of Eversource Energy by 111.7% in the 3rd quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 1,117 shares in the last quarter. Resources Investment Advisors Inc. raised its holdings in shares of Eversource Energy by 131.7% in the 4th quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 1,185 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Eversource Energy by 80.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 938 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Eversource Energy by 96.7% in the 4th quarter. Whittier Trust Co. now owns 2,360 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 1,160 shares in the last quarter. 73.85% of the stock is owned by institutional investors.
Eversource Energy (NYSE ES) opened at $57.24 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.69. The company has a market cap of $18,138.54, a P/E ratio of 18.41, a P/E/G ratio of 3.04 and a beta of 0.37. Eversource Energy has a 52 week low of $55.93 and a 52 week high of $66.15.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 6th will be paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.48. Eversource Energy’s payout ratio is 64.95%.
Several equities research analysts have recently commented on ES shares. Citigroup lowered shares of Eversource Energy from a “neutral” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Williams Capital restated a “buy” rating and issued a $63.00 price target (down previously from $65.00) on shares of Eversource Energy in a report on Thursday, March 1st. Morgan Stanley set a $60.00 price target on shares of Eversource Energy and gave the company a “hold” rating in a report on Thursday. Finally, Guggenheim restated a “buy” rating and issued a $59.00 price target on shares of Eversource Energy in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Eversource Energy currently has a consensus rating of “Hold” and an average target price of $62.82.
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Eversource Energy Company Profile
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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