21,168 Shares in Eversource Energy (NYSE:ES) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in shares of Eversource Energy (NYSE:ES) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,168 shares of the utilities provider’s stock, valued at approximately $1,216,000.

Several other large investors have also modified their holdings of the business. State Street Corp increased its holdings in Eversource Energy by 1.7% during the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock valued at $1,737,990,000 after buying an additional 430,587 shares during the period. Wellington Management Group LLP bought a new stake in Eversource Energy during the 3rd quarter valued at $808,783,000. Geode Capital Management LLC increased its holdings in shares of Eversource Energy by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider’s stock valued at $613,233,000 after acquiring an additional 268,588 shares during the period. FMR LLC raised its position in shares of Eversource Energy by 2.7% in the 3rd quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock worth $477,647,000 after acquiring an additional 185,381 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Eversource Energy by 4.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,956,214 shares of the utilities provider’s stock worth $337,270,000 after purchasing an additional 216,630 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

Shares of ES stock opened at $60.52 on Tuesday. Eversource Energy has a fifty-two week low of $53.76 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The stock’s 50-day simple moving average is $57.99 and its 200-day simple moving average is $62.74.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, March 4th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio is -182.17%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ES. Jefferies Financial Group cut their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Barclays cut their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their target price for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. BMO Capital Markets cut their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.42.

About Eversource Energy

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.