Kestra Private Wealth Services LLC Boosts Stock Holdings in Eversource Energy (NYSE:ES)

Kestra Private Wealth Services LLC lifted its stake in Eversource Energy (NYSE:ES) by 36.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,476 shares of the utilities provider’s stock after purchasing an additional 14,312 shares during the period. Kestra Private Wealth Services LLC’s holdings in Eversource Energy were worth $3,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ES. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy during the third quarter worth approximately $31,000. Ashton Thomas Securities LLC acquired a new stake in Eversource Energy in the third quarter valued at $32,000. UMB Bank n.a. raised its stake in Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Eversource Energy during the 3rd quarter worth about $48,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Up 1.9 %

ES opened at $60.52 on Tuesday. Eversource Energy has a 52 week low of $53.76 and a 52 week high of $69.01. The business has a 50 day moving average price of $57.99 and a two-hundred day moving average price of $62.74. 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 company has a market cap of $22.17 billion, a PE ratio of -38.55, a P/E/G ratio of 2.25 and a beta of 0.62.

Eversource Energy Increases Dividend

The business 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 dividend of $0.7525 per share. 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. This represents a $3.01 annualized dividend and a dividend yield of 4.97%. Eversource Energy’s dividend payout ratio (DPR) is currently -191.72%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ES. BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Monday. Scotiabank cut shares of 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 report on Thursday, December 12th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Finally, Barclays reduced their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus target price 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.