Stonebridge Financial Group LLC Invests $1.22 Million in Eversource Energy (NYSE:ES)

Stonebridge Financial Group LLC bought a new stake in shares of Eversource Energy (NYSE:ES) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,168 shares of the utilities provider’s stock, valued at approximately $1,216,000.

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

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $60.52 on Tuesday. The business’s 50 day moving average price is $57.99 and its 200 day moving average price is $62.74. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a one year low of $53.76 and a one year high of $69.01.

Eversource Energy Increases Dividend

The business 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. This represents a $3.01 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently -182.17%.

Analysts Set New Price Targets

ES has been the subject of several research analyst reports. Barclays reduced their target price 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 reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday. BMO Capital Markets dropped their target price on shares of 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. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Finally, Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price objective for the stock from $66.00 to $56.00 in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.42.

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.