SHP Wealth Management Takes $1.92 Million Position in Eversource Energy $ES

SHP Wealth Management bought a new position in Eversource Energy (NYSE:ES) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,478 shares of the utilities provider’s stock, valued at approximately $1,917,000.

Other hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC boosted its position in Eversource Energy by 53.2% during the 4th quarter. Anchor Investment Management LLC now owns 1,296 shares of the utilities provider’s stock valued at $87,000 after buying an additional 450 shares during the period. Kera Capital Partners Inc. grew its holdings in Eversource Energy by 69.3% in the 4th quarter. Kera Capital Partners Inc. now owns 6,389 shares of the utilities provider’s stock worth $442,000 after acquiring an additional 2,615 shares during the last quarter. MV Capital Management Inc. purchased a new position in shares of Eversource Energy in the fourth quarter valued at about $36,000. Kinloch Capital LLC increased its position in shares of Eversource Energy by 2.6% in the fourth quarter. Kinloch Capital LLC now owns 53,159 shares of the utilities provider’s stock valued at $3,579,000 after acquiring an additional 1,347 shares during the period. Finally, First Growth Capital LLC bought a new position in shares of Eversource Energy during the fourth quarter valued at about $226,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

Shares of ES opened at $69.50 on Friday. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41. The firm’s 50-day simple moving average is $68.81 and its two-hundred day simple moving average is $69.41. The stock has a market cap of $26.14 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 4.60 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the business earned $1.50 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s payout ratio is 67.31%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ES. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Bank of America restated a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Scotiabank dropped their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a report on Tuesday, April 21st. Finally, Mizuho dropped their price objective on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.70.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% 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.