Eversource Energy (ES) Stake Lowered by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its position in shares of Eversource Energy (NYSE:ES) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,056 shares of the utilities provider’s stock after selling 9,622 shares during the period. Gamco Investors INC. ET AL’s holdings in Eversource Energy were worth $20,790,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ES. Advisory Services Network LLC raised its stake in Eversource Energy by 1.7% in the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after buying an additional 32 shares in the last quarter. Resources Investment Advisors Inc. raised its stake in Eversource Energy by 131.7% in the fourth quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock worth $132,000 after buying an additional 1,185 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Eversource Energy by 80.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock worth $133,000 after buying an additional 938 shares in the last quarter. Risk Paradigm Group LLC raised its stake in Eversource Energy by 111.7% in the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock worth $128,000 after buying an additional 1,117 shares in the last quarter. Finally, WFG Advisors LP raised its stake in Eversource Energy by 127.8% in the second quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock worth $149,000 after buying an additional 1,380 shares in the last quarter. 71.76% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on ES. Bank of America decreased their price target on shares of Eversource Energy from $64.00 to $59.00 and set an “underperform” rating for the company in a research note on Friday, February 2nd. Morgan Stanley decreased their price target on shares of Eversource Energy from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. Citigroup downgraded shares of Eversource Energy from a “neutral” rating to a “sell” rating in a research note on Friday, February 2nd. Janney Montgomery Scott downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. Finally, UBS Group began coverage on shares of Eversource Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $66.00 price target for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.63.

Shares of Eversource Energy (NYSE:ES) opened at $56.89 on Thursday. The firm has a market cap of $18,233.61, a PE ratio of 18.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.27. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. Eversource Energy has a fifty-two week low of $55.20 and a fifty-two week high of $66.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 6th will be issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 3.55%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.48. Eversource Energy’s dividend payout ratio is 61.69%.

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About Eversource Energy

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.

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

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