Parkside Financial Bank & Trust Purchases 375 Shares of Eversource Energy (NYSE:ES)

Parkside Financial Bank & Trust grew its stake in Eversource Energy (NYSE:ES) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,506 shares of the utilities provider’s stock after purchasing an additional 375 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Eversource Energy were worth $93,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ES. SG Americas Securities LLC lifted its holdings in shares of Eversource Energy by 7.0% in the third quarter. SG Americas Securities LLC now owns 32,723 shares of the utilities provider’s stock valued at $1,903,000 after purchasing an additional 2,131 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Eversource Energy by 130.9% in the third quarter. UMB Bank n.a. now owns 642 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 364 shares in the last quarter. Czech National Bank lifted its holdings in shares of Eversource Energy by 47.8% in the third quarter. Czech National Bank now owns 61,014 shares of the utilities provider’s stock valued at $3,548,000 after purchasing an additional 19,719 shares in the last quarter. Presima Securities ULC lifted its holdings in shares of Eversource Energy by 24.9% in the third quarter. Presima Securities ULC now owns 13,530 shares of the utilities provider’s stock valued at $787,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Spirit of America Management Corp NY lifted its holdings in shares of Eversource Energy by 26.8% in the third quarter. Spirit of America Management Corp NY now owns 8,050 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the transaction, the insider now owns 10,485 shares in the company, valued at $609,388.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Linda Dorcena Forry sold 822 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the transaction, the insider now owns 10,485 shares in the company, valued at approximately $609,388.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Frederica M. Williams sold 2,714 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $57.60, for a total value of $156,326.40. Following the transaction, the insider now owns 21,621 shares in the company, valued at approximately $1,245,369.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Eversource Energy Trading Down 0.5 %

Shares of ES stock opened at $60.52 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average price of $58.92 and a two-hundred day moving average price of $57.94. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $79.43. The firm has a market cap of $21.23 billion, a P/E ratio of -48.03, a price-to-earnings-growth ratio of 3.24 and a beta of 0.58.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3 billion. Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. Equities analysts anticipate that Eversource Energy will post 4.51 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were issued a $0.715 dividend. The ex-dividend date was Monday, March 4th. This represents a $2.86 annualized dividend and a dividend yield of 4.73%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. Eversource Energy’s payout ratio is currently -226.98%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on Eversource Energy in a report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 target price on the stock. Guggenheim raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $72.00 in a research report on Monday, January 22nd. StockNews.com raised Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. Argus decreased their price target on Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, Mizuho raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $54.00 to $62.00 in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $65.85.

Eversource Energy 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.