Blue Fin Capital Inc. lowered its position in shares of Eversource Energy (NYSE:ES) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,047 shares of the utilities provider’s stock after selling 400 shares during the quarter. Blue Fin Capital Inc.’s holdings in Eversource Energy were worth $458,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. First Citizens Bank & Trust Co. lifted its holdings in Eversource Energy by 3.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 5,876 shares of the utilities provider’s stock valued at $382,000 after purchasing an additional 216 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Eversource Energy in the fourth quarter worth $356,000. Ipswich Investment Management Co. Inc. purchased a new position in shares of Eversource Energy in the fourth quarter worth $77,000. Waverton Investment Management Ltd lifted its holdings in shares of Eversource Energy by 3.8% in the fourth quarter. Waverton Investment Management Ltd now owns 11,777 shares of the utilities provider’s stock worth $766,000 after buying an additional 429 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Eversource Energy in the fourth quarter worth $75,000. 73.52% of the stock is currently owned by institutional investors and hedge funds.
ES traded down $0.12 during trading hours on Wednesday, hitting $66.29. The company’s stock had a trading volume of 259,056 shares, compared to its average volume of 1,491,622. Eversource Energy has a 12 month low of $52.76 and a 12 month high of $70.53. The stock has a market capitalization of $20.78 billion, a PE ratio of 21.32, a P/E/G ratio of 3.21 and a beta of 0.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 0.59.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Tuesday, December 18th were given a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Monday, December 17th. Eversource Energy’s dividend payout ratio is presently 64.95%.
Several equities analysts have recently commented on ES shares. Barclays set a $66.00 target price on shares of Eversource Energy and gave the stock a “hold” rating in a report on Saturday, November 17th. Guggenheim reissued a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Monday, January 7th. Morgan Stanley lowered their target price on shares of Eversource Energy from $67.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, September 21st. ValuEngine downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $66.91.
About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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