Prevail Innovative Wealth Advisors LLC Boosts Stake in Eversource Energy $ES

Prevail Innovative Wealth Advisors LLC raised its holdings in Eversource Energy (NYSE:ES) by 110.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,307 shares of the utilities provider’s stock after acquiring an additional 12,222 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Eversource Energy were worth $1,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ES. Vanguard Group Inc. grew its stake in Eversource Energy by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after buying an additional 1,161,708 shares in the last quarter. State Street Corp raised its position in shares of Eversource Energy by 1.7% during the 2nd quarter. State Street Corp now owns 27,343,038 shares of the utilities provider’s stock valued at $1,739,564,000 after buying an additional 465,822 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Eversource Energy by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 9,273,415 shares of the utilities provider’s stock valued at $587,449,000 after buying an additional 211,962 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in shares of Eversource Energy by 6.5% during the 3rd quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock worth $526,919,000 after acquiring an additional 454,658 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Eversource Energy by 9.4% in the third quarter. Victory Capital Management Inc. now owns 5,900,662 shares of the utilities provider’s stock worth $419,773,000 after acquiring an additional 505,489 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 1.0%

ES opened at $74.58 on Friday. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The business’s 50-day moving average price is $70.52 and its 200-day moving average price is $69.36. The company has a market cap of $28.00 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.22 and a beta of 0.76.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.Eversource Energy’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be issued a $0.7875 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is 68.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ES shares. Bank of America restated a “buy” rating on shares of Eversource Energy in a research report on Monday, March 2nd. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $71.00 to $78.00 in a research report on Tuesday, February 17th. Mizuho increased their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. UBS Group decreased 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.90.

Insider Buying and Selling

In related news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the transaction, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. The trade was a 32.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,381 shares of company stock valued at $1,211,079 over the last three months. 0.41% of the stock is owned by company insiders.

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.