Wingate Wealth Advisors Inc. Makes New $65,000 Investment in Eversource Energy (NYSE:ES)

Wingate Wealth Advisors Inc. bought a new position in Eversource Energy (NYSE:ES) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,134 shares of the utilities provider’s stock, valued at approximately $65,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its stake in Eversource Energy by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock valued at $418,000 after acquiring an additional 166 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Eversource Energy by 10.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 176 shares in the last quarter. UMB Bank n.a. grew its stake in Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 197 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Eversource Energy by 1.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock valued at $1,368,000 after acquiring an additional 200 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Eversource Energy by 1.8% in the 3rd quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock valued at $812,000 after buying an additional 206 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ES shares. Barclays lowered their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. BMO Capital Markets lowered their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group reduced their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. Two investment 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.42.

Eversource Energy Stock Up 1.9 %

Shares of ES stock opened at $60.52 on Tuesday. Eversource Energy has a 12 month low of $53.76 and a 12 month high of $69.01. The firm has a market cap of $22.17 billion, a PE ratio of -38.55, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. The stock has a 50 day moving average of $57.99 and a 200-day moving average 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.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.97%. Eversource Energy’s payout ratio is -191.72%.

Eversource Energy Company 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.