Candriam Luxembourg S.C.A. lifted its holdings in Eversource Energy (NYSE:ES) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,786 shares of the utilities provider’s stock after purchasing an additional 2,329 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Eversource Energy were worth $2,198,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in Eversource Energy by 1.7% in the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 32 shares during the last quarter. Calton & Associates Inc. purchased a new stake in shares of Eversource Energy during the fourth quarter worth $119,000. Risk Paradigm Group LLC increased its position in shares of Eversource Energy by 111.7% during the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 1,117 shares during the period. Resources Investment Advisors Inc. increased its position in shares of Eversource Energy by 131.7% during the fourth quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 1,185 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its holdings in Eversource Energy by 80.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock valued at $133,000 after buying an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 73.85% of the company’s stock.
Eversource Energy (NYSE ES) traded up $0.51 on Wednesday, hitting $57.19. 1,717,982 shares of the stock traded hands, compared to its average volume of 2,660,000. 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 one year low of $55.93 and a one year high of $66.15. The company has a market cap of $18,120.00, a P/E ratio of -9.52, a P/E/G ratio of 3.04 and a beta of 0.37.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 6th will be paid a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a yield of 3.53%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 5th. Eversource Energy’s payout ratio is presently -33.61%.
Several research firms recently commented on ES. Zacks Investment Research raised Eversource Energy from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Monday, January 8th. Janney Montgomery Scott downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. Evercore ISI started coverage on shares of Eversource Energy in a research report on Thursday, March 8th. They issued an “outperform” rating and a $62.00 price objective for the company. Morgan Stanley cut shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and set a $63.00 target price for the company. in a report on Tuesday, February 13th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $65.00 price objective (down from $72.00) on shares of Eversource Energy in a research note on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $62.82.
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About Eversource Energy
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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