Clarius Group LLC lessened its stake in shares of Eversource Energy (NYSE:ES – Free Report) by 7.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,801 shares of the utilities provider’s stock after selling 212 shares during the quarter. Clarius Group LLC’s holdings in Eversource Energy were worth $219,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in ES. Vanguard Group Inc. grew its holdings in shares of Eversource Energy by 2.0% during the third quarter. Vanguard Group Inc. now owns 44,413,456 shares of the utilities provider’s stock worth $3,462,474,000 after purchasing an additional 871,683 shares in the last quarter. State Street Corp grew its holdings in shares of Eversource Energy by 2.0% during the third quarter. State Street Corp now owns 25,182,412 shares of the utilities provider’s stock worth $1,963,221,000 after purchasing an additional 499,204 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Eversource Energy by 101,201.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,617,104 shares of the utilities provider’s stock worth $1,057,818,000 after purchasing an additional 12,604,649 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Eversource Energy by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,542,540 shares of the utilities provider’s stock worth $632,367,000 after purchasing an additional 24,784 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Eversource Energy by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 7,423,829 shares of the utilities provider’s stock worth $621,332,000 after purchasing an additional 184,614 shares in the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.
Eversource Energy Stock Performance
Shares of ES stock opened at $69.72 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.58 and a current ratio of 0.65. The company has a market capitalization of $24.32 billion, a P/E ratio of 16.72, a PEG ratio of 2.52 and a beta of 0.47. The stock has a 50 day moving average price of $73.13 and a two-hundred day moving average price of $77.62. Eversource Energy has a fifty-two week low of $67.79 and a fifty-two week high of $94.41.
Eversource Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, May 18th will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.87%. Eversource Energy’s dividend payout ratio is presently 64.75%.
Analysts Set New Price Targets
Several research analysts have recently commented on ES shares. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Tuesday, March 21st. Scotiabank raised Eversource Energy from a “sector perform” rating to a “sector outperform” rating and set a $91.00 target price for the company in a research note on Thursday, June 15th. StockNews.com started coverage on Eversource Energy in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Mizuho cut their target price on Eversource Energy from $87.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday, April 3rd. Finally, BMO Capital Markets cut their target price on Eversource Energy from $87.00 to $74.00 in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $85.50.
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.
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