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

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

A number of other institutional investors also recently bought and sold shares of VALE. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Vale in the third quarter worth $28,000. Brooklyn Investment Group increased its position in shares of Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,900 shares during the period. IFP Advisors Inc raised its stake in Vale by 206.4% in the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 1,938 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Vale during the 3rd quarter worth about $36,000. Finally, Cornerstone Planning Group LLC grew its stake in Vale by 3,092.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 3,092 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Trading Up 1.2 %

Shares of Vale stock opened at $10.20 on Wednesday. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $13.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The company has a market cap of $46.32 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85. The firm has a 50-day simple moving average of $9.38 and a two-hundred day simple moving average of $9.90.

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

Vale Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VALE shares. Morgan Stanley cut Vale from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Barclays decreased their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Scotiabank reduced their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Monday, January 6th. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, StockNews.com downgraded Vale from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.26.

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.