Nomura Holdings Inc. Takes Position in Eversource Energy (NYSE:ES)

Nomura Holdings Inc. bought a new stake in Eversource Energy (NYSE:ES) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,038 shares of the utilities provider’s stock, valued at approximately $434,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighPoint Advisor Group LLC acquired a new position in shares of Eversource Energy during the fourth quarter worth about $282,000. PNC Financial Services Group Inc. increased its stake in shares of Eversource Energy by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 441,990 shares of the utilities provider’s stock worth $27,280,000 after acquiring an additional 3,956 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Eversource Energy by 15.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,375 shares of the utilities provider’s stock worth $270,000 after acquiring an additional 590 shares during the period. SageView Advisory Group LLC increased its stake in shares of Eversource Energy by 9.4% during the fourth quarter. SageView Advisory Group LLC now owns 9,293 shares of the utilities provider’s stock worth $574,000 after acquiring an additional 801 shares during the period. Finally, Richardson Financial Services Inc. acquired a new position in shares of Eversource Energy during the fourth quarter worth about $148,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the transaction, the executive vice president now owns 10,272 shares of the company’s stock, valued at $603,480. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the transaction, the executive vice president now owns 10,272 shares of the company’s stock, valued at $603,480. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Gregory B. Butler sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the transaction, the vice president now directly owns 63,808 shares in the company, valued at approximately $3,586,009.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

ES has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of Eversource Energy from $65.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. UBS Group upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $62.00 to $67.00 in a research report on Thursday, April 4th. StockNews.com upgraded shares of Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. Scotiabank lowered their target price on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group assumed coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They set a “buy” rating and a $73.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average target price of $66.07.

Eversource Energy Stock Down 1.4 %

Shares of NYSE ES opened at $57.18 on Friday. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $74.81. The company has a market capitalization of $20.14 billion, a PE ratio of -48.46, a price-to-earnings-growth ratio of 2.37 and a beta of 0.60. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.77 and a quick ratio of 0.68. The firm’s 50-day moving average is $59.48 and its two-hundred day moving average is $58.84.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Equities analysts anticipate that Eversource Energy will post 4.53 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Wednesday, May 15th. Eversource Energy’s payout ratio is -242.37%.

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.