Calton & Associates Inc. purchased a new stake in Eversource Energy (NYSE:ES) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,948 shares of the utilities provider’s stock, valued at approximately $119,000.

A number of other hedge funds have also modified their holdings of the business. Public Employees Retirement Association of Colorado lifted its position in shares of Eversource Energy by 3.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 59,203 shares of the utilities provider’s stock worth $3,740,000 after purchasing an additional 2,022 shares during the last quarter. US Bancorp DE lifted its position in shares of Eversource Energy by 1.6% during the 4th quarter. US Bancorp DE now owns 80,182 shares of the utilities provider’s stock worth $5,066,000 after purchasing an additional 1,278 shares during the last quarter. Aperio Group LLC lifted its position in shares of Eversource Energy by 21.1% during the 4th quarter. Aperio Group LLC now owns 249,987 shares of the utilities provider’s stock worth $15,794,000 after purchasing an additional 43,568 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Eversource Energy during the 4th quarter worth $239,000. Finally, Victory Capital Management Inc. lifted its position in shares of Eversource Energy by 10.7% during the 4th quarter. Victory Capital Management Inc. now owns 252,947 shares of the utilities provider’s stock worth $15,981,000 after purchasing an additional 24,436 shares during the last quarter. 71.58% of the stock is owned by institutional investors.

Eversource Energy (NYSE ES) opened at $57.62 on Wednesday. Eversource Energy has a one year low of $55.20 and a one year high of $66.15. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The stock has a market cap of $18,260.00, a PE ratio of 18.71, a PEG ratio of 2.86 and a beta of 0.27.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be paid a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.51%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 5th. Eversource Energy’s payout ratio is 61.69%.

A number of equities research analysts recently weighed in on ES shares. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, January 2nd. Credit Suisse Group cut shares of Eversource Energy from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $63.00 to $59.00 in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Williams Capital boosted their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Morgan Stanley boosted their price target on shares of Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Citigroup cut shares of Eversource Energy from a “neutral” rating to a “sell” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Eversource Energy has a consensus rating of “Hold” and an average target price of $63.63.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/calton-associates-inc-purchases-new-stake-in-eversource-energy-es/1864941.html.

Eversource Energy Company Profile

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.

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

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.