Eversource Energy (NYSE:ES) Shares Sold by Dean Capital Investments Management LLC

Dean Capital Investments Management LLC cut its holdings in shares of Eversource Energy (NYSE:ES) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,151 shares of the utilities provider’s stock after selling 542 shares during the period. Dean Capital Investments Management LLC’s holdings in Eversource Energy were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ES. Mason Street Advisors LLC increased its holdings in Eversource Energy by 0.7% in the third quarter. Mason Street Advisors LLC now owns 46,103 shares of the utilities provider’s stock valued at $3,940,000 after buying an additional 309 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Eversource Energy by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,597,047 shares of the utilities provider’s stock valued at $136,499,000 after buying an additional 23,888 shares in the last quarter. Tiedemann Advisors LLC increased its holdings in Eversource Energy by 3.4% in the third quarter. Tiedemann Advisors LLC now owns 59,298 shares of the utilities provider’s stock valued at $5,068,000 after buying an additional 1,938 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Eversource Energy by 14.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,885 shares of the utilities provider’s stock valued at $332,000 after buying an additional 504 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Eversource Energy by 3.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,510 shares of the utilities provider’s stock valued at $385,000 after buying an additional 150 shares in the last quarter. Institutional investors own 82.03% of the company’s stock.

Shares of NYSE ES opened at $94.81 on Wednesday. Eversource Energy has a 12-month low of $68.38 and a 12-month high of $94.90. The stock has a market cap of $30.32 billion, a PE ratio of 34.10, a P/E/G ratio of 4.47 and a beta of 0.18. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average of $88.85 and a 200 day moving average of $83.82.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 4th will be issued a $0.5675 dividend. This represents a $2.27 annualized dividend and a yield of 2.39%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, March 3rd. Eversource Energy’s payout ratio is presently 65.24%.

ES has been the subject of a number of recent analyst reports. Citigroup cut their price objective on shares of Eversource Energy from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. KeyCorp cut their target price on shares of Eversource Energy from $95.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Credit Suisse Group cut shares of Eversource Energy from an “outperform” rating to a “neutral” rating and set a $86.00 target price for the company. in a research note on Friday, January 17th. JPMorgan Chase & Co. began coverage on shares of Eversource Energy in a research note on Wednesday, December 11th. They set a “neutral” rating and a $86.00 target price for the company. Finally, UBS Group cut shares of Eversource Energy from a “buy” rating to a “neutral” rating and set a $91.00 target price for the company. in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $83.36.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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

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