Prossimo Advisors LLC Has $321,000 Holdings in Eversource Energy (NYSE:ES)

Prossimo Advisors LLC lessened its position in shares of Eversource Energy (NYSE:ES) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,585 shares of the utilities provider’s stock after selling 484 shares during the quarter. Prossimo Advisors LLC’s holdings in Eversource Energy were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in Eversource Energy in the fourth quarter worth approximately $29,000. Brooklyn Investment Group bought a new stake in Eversource Energy in the third quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new stake in Eversource Energy in the third quarter worth approximately $32,000. Venturi Wealth Management LLC increased its holdings in Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake 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 period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Scotiabank dropped their price target on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Barclays dropped their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company dropped their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $67.45.

Eversource Energy Trading Down 0.3 %

Shares of ES stock opened at $61.36 on Wednesday. The company’s fifty day simple moving average is $57.99 and its two-hundred day simple moving average is $62.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.36 and a beta of 0.62.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 11.04%. As a group, analysts anticipate that Eversource Energy will post 4.76 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 4.91%. Eversource Energy’s payout ratio is presently 123.81%.

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.