Krilogy Financial LLC Invests $242,000 in Eversource Energy (ES) Stock
Krilogy Financial LLC acquired a new stake in Eversource Energy (NYSE:ES) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,000 shares of the utilities provider’s stock, valued at approximately $242,000.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Eversource Energy by 2.4% during the second quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock worth $2,006,787,000 after acquiring an additional 781,327 shares during the last quarter. BlackRock Inc. increased its position in shares of Eversource Energy by 1.6% during the second quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock worth $1,478,596,000 after acquiring an additional 374,229 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Eversource Energy by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 15,936,793 shares of the utilities provider’s stock worth $963,220,000 after acquiring an additional 516,965 shares during the last quarter. Legal & General Group Plc increased its position in shares of Eversource Energy by 5.4% during the third quarter. Legal & General Group Plc now owns 2,801,473 shares of the utilities provider’s stock worth $169,322,000 after acquiring an additional 144,185 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Eversource Energy by 14.4% during the third quarter. American Century Companies Inc. now owns 2,653,302 shares of the utilities provider’s stock worth $160,366,000 after acquiring an additional 333,139 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.
Shares of Eversource Energy (NYSE:ES) opened at $65.22 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $20,667.29, a PE ratio of 21.17, a P/E/G ratio of 3.49 and a beta of 0.31. Eversource Energy has a fifty-two week low of $52.59 and a fifty-two week high of $66.15.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, December 15th. Eversource Energy’s dividend payout ratio is currently 61.69%.
A number of brokerages have recently issued reports on ES. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Morgan Stanley lifted their target price on Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Bank of America began coverage on Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 target price on the stock. Finally, Williams Capital lifted their target price on Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.06.
In related news, COO Werner J. Schweiger sold 10,098 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $64.68, for a total value of $653,138.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by insiders.
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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, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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