Mondrian Investment Partners LTD bought a new stake in shares of Eversource Energy (NYSE:ES) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 724 shares of the utilities provider’s stock, valued at approximately $47,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Eversource Energy by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 787,700 shares of the utilities provider’s stock worth $46,165,000 after buying an additional 8,773 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Eversource Energy by 298.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,149 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 5,356 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Eversource Energy by 9,315.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,270,856 shares of the utilities provider’s stock worth $955,000 after purchasing an additional 1,257,359 shares in the last quarter. Andra AP fonden lifted its holdings in shares of Eversource Energy by 6.0% in the 2nd quarter. Andra AP fonden now owns 67,300 shares of the utilities provider’s stock worth $3,944,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of Eversource Energy in the 3rd quarter worth $338,000. 74.24% of the stock is currently owned by institutional investors and hedge funds.
Eversource Energy stock traded up $0.10 during trading hours on Friday, reaching $70.20. The company had a trading volume of 1,582,001 shares, compared to its average volume of 1,620,341. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.54. The stock has a market capitalization of $22.25 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 3.46 and a beta of 0.32. Eversource Energy has a 12-month low of $52.76 and a 12-month high of $70.62.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th will be paid a $0.535 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.51. This represents a $2.14 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Monday, March 4th. Eversource Energy’s payout ratio is 64.95%.
ES has been the subject of a number of analyst reports. Barclays set a $66.00 price target on Eversource Energy and gave the company a “hold” rating in a research report on Saturday, November 17th. Guggenheim reissued a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a report on Monday, January 7th. Morgan Stanley lifted their price objective on Eversource Energy from $69.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday. Zacks Investment Research downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, ValuEngine downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $67.36.
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Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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