1,134 Shares in Eversource Energy (NYSE:ES) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. bought a new position in shares of Eversource Energy (NYSE:ES) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,134 shares of the utilities provider’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ES. Wellington Management Group LLP acquired a new stake in Eversource Energy during the 3rd quarter worth approximately $808,783,000. National Bank of Canada FI boosted its holdings in Eversource Energy by 446.0% in the 3rd quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider’s stock worth $51,019,000 after acquiring an additional 612,421 shares during the period. Nordea Investment Management AB boosted its holdings in Eversource Energy by 41.7% in the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock worth $99,554,000 after acquiring an additional 510,582 shares during the period. State Street Corp boosted its holdings in Eversource Energy by 1.7% in the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock worth $1,737,990,000 after acquiring an additional 430,587 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in Eversource Energy by 518.1% in the 3rd quarter. Retirement Systems of Alabama now owns 480,278 shares of the utilities provider’s stock worth $32,683,000 after acquiring an additional 402,574 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday. BMO Capital Markets decreased their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Barclays reduced 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. Jefferies Financial Group reduced their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $67.42.

Eversource Energy Stock Performance

Shares of ES opened at $60.52 on Tuesday. The business’s fifty day moving average price is $57.99 and its 200 day moving average price is $62.74. Eversource Energy has a 12-month low of $53.76 and a 12-month high of $69.01. The stock has a market capitalization of $22.17 billion, a PE ratio of -38.55, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 4.97%. Eversource Energy’s dividend payout ratio (DPR) is -191.72%.

Eversource Energy Profile

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.