Paloma Partners Management Co lifted its stake in shares of Eversource Energy (NYSE:ES) by 363.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,727 shares of the utilities provider’s stock after buying an additional 27,227 shares during the quarter. Paloma Partners Management Co’s holdings in Eversource Energy were worth $2,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. grew its holdings in Eversource Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 25,200,721 shares of the utilities provider’s stock worth $1,592,179,000 after purchasing an additional 589,876 shares during the period. Bank of New York Mellon Corp grew its holdings in Eversource Energy by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 15,936,793 shares of the utilities provider’s stock worth $963,220,000 after purchasing an additional 516,965 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Eversource Energy by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 6,823,570 shares of the utilities provider’s stock worth $431,113,000 after buying an additional 283,943 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Eversource Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 3,625,817 shares of the utilities provider’s stock worth $228,627,000 after buying an additional 118,626 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Eversource Energy by 42.0% in the fourth quarter. Renaissance Technologies LLC now owns 3,142,300 shares of the utilities provider’s stock worth $198,531,000 after buying an additional 929,500 shares in the last quarter. Institutional investors and hedge funds own 73.85% of the company’s stock.
Eversource Energy (NYSE:ES) opened at $56.68 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.63. Eversource Energy has a 52-week low of $55.93 and a 52-week high of $66.15. The firm has a market cap of $18,081.50, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 3.04 and a beta of 0.37.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be paid a $0.505 dividend. The ex-dividend date of this dividend is Monday, March 5th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.48. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.56%. Eversource Energy’s dividend payout ratio is 64.95%.
Several research analysts have recently issued reports on ES shares. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Morgan Stanley upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and set a $72.00 target price on the stock in a research note on Wednesday, December 13th. Credit Suisse Group downgraded shares of Eversource Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $63.00 to $59.00 in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Guggenheim reiterated a “buy” rating and issued a $64.00 target price on shares of Eversource Energy in a research note on Friday, February 2nd. Finally, UBS Group started coverage on shares of Eversource Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $66.00 target price on the stock. Three investment 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’s stock. The company has an average rating of “Hold” and a consensus price target 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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