Bard Financial Services Inc. Increases Stock Holdings in Eversource Energy (NYSE:ES)

Bard Financial Services Inc. lifted its holdings in Eversource Energy (NYSE:ES) by 166.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,800 shares of the utilities provider’s stock after buying an additional 10,504 shares during the quarter. Bard Financial Services Inc.’s holdings in Eversource Energy were worth $1,143,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of Eversource Energy by 14.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 169 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in Eversource Energy by 49.7% during the first quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock valued at $33,000 after buying an additional 181 shares in the last quarter. Addison Advisors LLC raised its position in shares of Eversource Energy by 27.4% during the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 185 shares during the period. Bar Harbor Wealth Management raised its position in shares of Eversource Energy by 4.1% during the 2nd quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 190 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in Eversource Energy by 2.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock worth $475,000 after buying an additional 192 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Mizuho raised their target price on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley lifted their target price on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. BMO Capital Markets raised their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Scotiabank lifted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus target price of $70.00.

Eversource Energy Trading Down 0.8 %

Shares of ES stock traded down $0.51 on Friday, hitting $65.38. The stock had a trading volume of 1,593,769 shares, compared to its average volume of 2,446,338. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $69.01. The firm has a market cap of $23.03 billion, a P/E ratio of -55.41, a PEG ratio of 2.54 and a beta of 0.61. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average price of $66.63 and a two-hundred day moving average price of $61.83.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts forecast that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.37%. Eversource Energy’s payout ratio is -242.37%.

Insider Activity

In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at approximately $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now owns 9,847 shares in the company, valued at approximately $639,464.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

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.