J. Safra Sarasin Holding AG Has $337,000 Stock Position in Eversource Energy $ES

J. Safra Sarasin Holding AG cut its position in Eversource Energy (NYSE:ES) by 79.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,002 shares of the utilities provider’s stock after selling 18,903 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Eversource Energy were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. United Asset Strategies Inc. boosted its holdings in Eversource Energy by 1.0% during the third quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after acquiring an additional 138 shares during the period. Mystic Asset Management Inc. increased its stake in shares of Eversource Energy by 0.9% in the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock worth $1,177,000 after purchasing an additional 150 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Eversource Energy by 3.3% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 162 shares during the period. Parallel Advisors LLC lifted its position in shares of Eversource Energy by 4.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 169 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Eversource Energy by 0.8% during the 3rd quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock worth $1,686,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insiders Place Their Bets

In other Eversource Energy news, insider Cotton M. Cleveland sold 2,581 shares of Eversource Energy stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, the insider owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Y. Kim sold 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the sale, the insider directly owned 12,339 shares in the company, valued at $907,780.23. This trade represents a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,381 shares of company stock worth $1,211,079 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Trading Down 0.3%

Shares of ES opened at $69.46 on Friday. The stock’s 50-day moving average price is $71.21 and its 200 day moving average price is $70.12. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $26.10 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 3.74 and a beta of 0.76. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $76.41.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $1.01 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 5th were given a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.5%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is 68.93%.

Analysts Set New Price Targets

ES has been the topic of several recent analyst reports. Argus raised Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America dropped their target price on shares of Eversource Energy from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, Mizuho cut their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $71.90.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.