Stratos Wealth Partners LTD. Decreases Position in Eversource Energy (NYSE:ES)

Stratos Wealth Partners LTD. lowered its holdings in Eversource Energy (NYSE:ES) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,377 shares of the utilities provider’s stock after selling 1,527 shares during the period. Stratos Wealth Partners LTD.’s holdings in Eversource Energy were worth $424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ES. State Street Corp lifted its holdings in Eversource Energy by 1.7% during the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock worth $1,737,990,000 after buying an additional 430,587 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $808,783,000. Geode Capital Management LLC raised its position in shares of Eversource Energy by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider’s stock worth $613,233,000 after purchasing an additional 268,588 shares during the period. FMR LLC raised its position in shares of Eversource Energy by 2.7% during the 3rd quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock worth $477,647,000 after purchasing an additional 185,381 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ES shares. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Barclays lowered their target price on 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. Guggenheim restated a “buy” rating on shares of Eversource Energy in a research report on Monday. Jefferies Financial Group lowered their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. Finally, Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their target price for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average price target of $67.42.

Eversource Energy Stock Performance

ES opened at $59.68 on Thursday. The firm has a market cap of $21.87 billion, a PE ratio of -38.01, a P/E/G ratio of 2.25 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The business has a fifty day simple moving average of $57.94 and a 200-day simple moving average of $62.70. Eversource Energy has a fifty-two week low of $53.76 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. As a group, equities analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

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.