First Trust Advisors LP trimmed its holdings in shares of Eversource Energy (NYSE:ES) by 35.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 855,378 shares of the utilities provider’s stock after selling 468,939 shares during the period. First Trust Advisors LP owned 0.27% of Eversource Energy worth $54,043,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of Eversource Energy by 3.4% during 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. Legal & General Group Plc raised its holdings in shares of Eversource Energy by 5.4% during the third quarter. Legal & General Group Plc now owns 2,801,473 shares of the utilities provider’s stock worth $169,322,000 after purchasing an additional 144,185 shares during the period. American Century Companies Inc. increased its holdings in shares of Eversource Energy by 14.4% in the 3rd quarter. American Century Companies Inc. now owns 2,653,302 shares of the utilities provider’s stock worth $160,366,000 after acquiring an additional 333,139 shares during the period. APG Asset Management N.V. increased its holdings in shares of Eversource Energy by 72.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock worth $154,515,000 after acquiring an additional 1,072,700 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Eversource Energy by 0.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,991,027 shares of the utilities provider’s stock worth $120,595,000 after acquiring an additional 13,402 shares during the period. 71.58% of the stock is currently owned by institutional investors.
ES has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Tuesday, January 16th. Williams Capital increased their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Guggenheim reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Eversource Energy in a report on Friday, February 2nd. Morgan Stanley increased their price objective on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Finally, UBS Group initiated coverage on shares of Eversource Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $66.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $63.63.
Eversource Energy (NYSE ES) opened at $59.12 on Friday. The company has a market cap of $18,560.00, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.94 and a beta of 0.27. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Eversource Energy has a 52 week low of $55.85 and a 52 week high of $66.15.
The business 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 is a boost from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 5th. This represents a $2.02 annualized dividend and a yield of 3.42%. Eversource Energy’s dividend payout ratio (DPR) is presently 61.69%.
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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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