Wealth Alliance Increases Holdings in Eversource Energy (NYSE:ES)

Wealth Alliance increased its stake in Eversource Energy (NYSE:ESFree Report) by 35.2% in the third quarter, HoldingsChannel reports. The fund owned 4,621 shares of the utilities provider’s stock after purchasing an additional 1,202 shares during the period. Wealth Alliance’s holdings in Eversource Energy were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Headlands Technologies LLC grew its holdings in shares of Eversource Energy by 803.6% during the 3rd quarter. Headlands Technologies LLC now owns 1,988 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 1,768 shares during the period. Wade G W & Inc. grew its holdings in shares of Eversource Energy by 143.6% during the 3rd quarter. Wade G W & Inc. now owns 133,053 shares of the utilities provider’s stock worth $7,737,000 after acquiring an additional 78,442 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Eversource Energy during the 3rd quarter worth approximately $753,000. HighTower Advisors LLC grew its holdings in shares of Eversource Energy by 30.7% during the 3rd quarter. HighTower Advisors LLC now owns 73,128 shares of the utilities provider’s stock worth $4,245,000 after acquiring an additional 17,168 shares during the period. Finally, Pathstone Family Office LLC grew its holdings in shares of Eversource Energy by 184.4% during the 3rd quarter. Pathstone Family Office LLC now owns 18,025 shares of the utilities provider’s stock worth $1,048,000 after acquiring an additional 11,687 shares during the period. Institutional investors own 80.83% of the company’s stock.

Insider Activity

In other news, insider Faasen William C. Van sold 2,714 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $54.50, for a total transaction of $147,913.00. Following the transaction, the insider now directly owns 19,619 shares of the company’s stock, valued at approximately $1,069,235.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the topic of several recent research reports. Barclays cut their price target on Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, January 22nd. StockNews.com upgraded Eversource Energy to a “sell” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on Eversource Energy from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 29th. Citigroup cut their price target on Eversource Energy from $80.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Finally, Morgan Stanley upped their price target on Eversource Energy from $66.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $65.33.

Check Out Our Latest Research Report on ES

Eversource Energy Price Performance

NYSE ES opened at $54.98 on Monday. The business’s fifty day moving average price is $58.45 and its 200-day moving average price is $59.75. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.89 and a beta of 0.57. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.56 and a quick ratio of 0.50. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $81.36.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 5.20%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Monday, March 4th. Eversource Energy’s dividend payout ratio is presently 85.63%.

Eversource Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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