EverSource Wealth Advisors LLC Increases Holdings in Vale S.A. (NYSE:VALE)

EverSource Wealth Advisors LLC increased its holdings in shares of Vale S.A. (NYSE:VALE) by 88.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,738 shares of the basic materials company’s stock after purchasing an additional 4,580 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Vale were worth $86,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VALE. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Vale by 3,692.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock valued at $212,576,000 after buying an additional 17,720,100 shares in the last quarter. Holocene Advisors LP bought a new position in shares of Vale during the third quarter worth $80,300,000. Itau Unibanco Holding S.A. grew its stake in Vale by 123.4% during the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock valued at $140,859,000 after acquiring an additional 6,660,933 shares in the last quarter. FMR LLC increased its holdings in Vale by 18.2% in the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock valued at $427,550,000 after acquiring an additional 5,635,167 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Vale by 106.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company’s stock worth $86,226,000 after purchasing an additional 5,001,228 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

VALE has been the subject of a number of research analyst reports. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Jefferies Financial Group cut their price target on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th. Barclays decreased their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Scotiabank decreased their price target on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vale currently has a consensus rating of “Hold” and a consensus price target of $13.26.

Vale Trading Up 1.2 %

Shares of VALE opened at $10.20 on Wednesday. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.14. The company’s fifty day simple moving average is $9.38 and its 200-day simple moving average is $9.90. The company has a market cap of $46.32 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.31 and a beta of 0.85. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.36). The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.3758 dividend. This represents a yield of 7.5%. This is an increase from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date of this dividend is Monday, March 10th. Vale’s dividend payout ratio (DPR) is 52.08%.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.