Tableaux LLC Invests $1.31 Million in Eversource Energy $ES

Tableaux LLC purchased a new stake in Eversource Energy (NYSE:ES) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,436 shares of the utilities provider’s stock, valued at approximately $1,312,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ES. United Asset Strategies Inc. increased its stake in Eversource Energy by 1.0% in the third quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after purchasing an additional 138 shares in the last quarter. Mystic Asset Management Inc. boosted its position in shares of Eversource Energy by 0.9% during 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 in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Eversource Energy by 3.3% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock valued at $360,000 after buying an additional 162 shares during the period. Fifth Third Bancorp grew its holdings in shares of Eversource Energy by 0.8% in the 3rd quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock valued at $1,686,000 after buying an additional 186 shares during the period. Finally, Gladstone Institutional Advisory LLC increased its position in shares of Eversource Energy by 4.2% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 4,711 shares of the utilities provider’s stock valued at $335,000 after buying an additional 190 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Scotiabank dropped their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. BMO Capital Markets boosted their price objective on Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Mizuho raised their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Finally, UBS Group cut their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Up 0.5%

NYSE:ES opened at $75.24 on Wednesday. The stock has a 50-day simple moving average of $69.27 and a 200 day simple moving average of $68.86. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $75.28. The company has a market cap of $28.25 billion, a PE ratio of 16.46, a PEG ratio of 3.24 and a beta of 0.77. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share 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 firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The business’s 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. On average, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, March 5th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio (DPR) is presently 65.86%.

Insider Activity

In other news, EVP John M. Moreira sold 7,800 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the transaction, the executive vice president directly owned 43,269 shares in the company, valued at $3,197,579.10. This represents a 15.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Y. Kim sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider owned 12,339 shares of the company’s stock, valued at $907,780.23. The trade was a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.19% of the company’s stock.

Eversource Energy Company Profile

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.