Vontobel Holding Ltd. Purchases 113,924 Shares of Eversource Energy $ES

Vontobel Holding Ltd. grew its position in shares of Eversource Energy (NYSE:ES) by 22.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 625,750 shares of the utilities provider’s stock after buying an additional 113,924 shares during the quarter. Vontobel Holding Ltd.’s holdings in Eversource Energy were worth $40,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. CX Institutional increased its holdings in Eversource Energy by 4.3% in the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock worth $254,000 after buying an additional 144 shares during the last quarter. Bank & Trust Co raised its position in Eversource Energy by 2.0% during the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after acquiring an additional 149 shares in the last quarter. Retirement Planning Co of New England Inc. raised its position in Eversource Energy by 3.1% during the third quarter. Retirement Planning Co of New England Inc. now owns 5,131 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 154 shares in the last quarter. GoalVest Advisory LLC lifted its stake in Eversource Energy by 12.0% in the third quarter. GoalVest Advisory LLC now owns 1,509 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 162 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its stake in Eversource Energy by 2.6% in the third quarter. Avidian Wealth Enterprises LLC now owns 6,866 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ES shares. Citigroup reissued a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Wells Fargo & Company increased their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, BMO Capital Markets decreased their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.64.

Eversource Energy Stock Performance

Shares of NYSE ES traded up $0.90 during trading hours on Friday, hitting $66.89. 2,389,281 shares of the company’s stock were exchanged, compared to its average volume of 2,888,091. The company’s 50-day moving average price is $68.41 and its 200-day moving average price is $69.85. Eversource Energy has a 1-year low of $62.72 and a 1-year high of $76.57. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.87 and a beta of 0.67. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7875 per share. The ex-dividend date was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. Eversource Energy’s payout ratio is 81.61%.

About Eversource Energy

Eversource Energy (NYSE: ES) is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource’s electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.