Eversource Energy $ES Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lessened its holdings in Eversource Energy (NYSE:ES) by 28.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,467 shares of the utilities provider’s stock after selling 1,396 shares during the quarter. Parallel Advisors LLC’s holdings in Eversource Energy were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ES. Tidal Investments LLC boosted its holdings in Eversource Energy by 49.2% in the fourth quarter. Tidal Investments LLC now owns 20,663 shares of the utilities provider’s stock worth $1,187,000 after acquiring an additional 6,814 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Eversource Energy by 1,079.0% in the fourth quarter. Two Sigma Advisers LP now owns 95,500 shares of the utilities provider’s stock worth $5,485,000 after acquiring an additional 87,400 shares in the last quarter. Woodline Partners LP acquired a new stake in Eversource Energy in the fourth quarter worth about $1,264,000. Pinney & Scofield Inc. acquired a new stake in Eversource Energy in the fourth quarter worth about $33,000. Finally, Toronto Dominion Bank boosted its holdings in Eversource Energy by 3.2% in the fourth quarter. Toronto Dominion Bank now owns 197,922 shares of the utilities provider’s stock worth $11,367,000 after acquiring an additional 6,114 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In related news, insider Loretta D. Keane purchased 3,780 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $66.07 per share, with a total value of $249,744.60. Following the completion of the acquisition, the insider owned 12,033 shares of the company’s stock, valued at $795,020.31. The trade was a 45.80% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the subject of several recent analyst reports. Mizuho raised their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Bank of America lifted their target price on Eversource Energy from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.38.

Eversource Energy Trading Up 4.9%

Eversource Energy stock opened at $67.01 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.47. The company has a market capitalization of $24.87 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.52 and a beta of 0.64. The stock has a 50-day moving average price of $65.10 and a 200 day moving average price of $62.86.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted $0.95 earnings per share. Eversource Energy’s revenue for the quarter was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a yield of 4.5%. Eversource Energy’s payout ratio is presently 129.18%.

About Eversource Energy

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.