Pathway Financial Advisers LLC Has $41,000 Holdings in Eversource Energy (NYSE:ES)

Pathway Financial Advisers LLC trimmed its position in shares of Eversource Energy (NYSE:ES) by 98.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 712 shares of the utilities provider’s stock after selling 47,740 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Eversource Energy were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Castellan Group acquired a new position in Eversource Energy in the 4th quarter valued at $3,563,000. Van ECK Associates Corp boosted its holdings in Eversource Energy by 9.4% during the fourth quarter. Van ECK Associates Corp now owns 111,331 shares of the utilities provider’s stock valued at $6,393,000 after acquiring an additional 9,611 shares during the period. Hartford Investment Management Co. grew its position in shares of Eversource Energy by 1.5% in the fourth quarter. Hartford Investment Management Co. now owns 22,516 shares of the utilities provider’s stock valued at $1,293,000 after purchasing an additional 335 shares during the last quarter. Quent Capital LLC increased its stake in shares of Eversource Energy by 34.9% in the fourth quarter. Quent Capital LLC now owns 1,885 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 488 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Eversource Energy during the 4th quarter worth about $1,216,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday. Barclays cut their target price on shares of 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. StockNews.com lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Scotiabank cut their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $67.00.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $62.50 on Friday. Eversource Energy has a 1-year low of $54.75 and a 1-year high of $69.01. The firm’s 50-day moving average price is $57.89 and its two-hundred day moving average price is $62.68. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $22.90 billion, a price-to-earnings ratio of -39.81, a P/E/G ratio of 2.25 and a beta of 0.62.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. On average, equities analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.82%. Eversource Energy’s dividend payout ratio is -182.17%.

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.