Krilogy Financial LLC Purchases Shares of 7,759 Eversource Energy $ES

Krilogy Financial LLC acquired a new stake in shares of Eversource Energy (NYSE:ESFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,759 shares of the utilities provider’s stock, valued at approximately $566,000.

Several other large investors have also modified their holdings of ES. Neo Ivy Capital Management purchased a new stake in shares of Eversource Energy during the second quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in Eversource Energy during the 3rd quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Eversource Energy during the third quarter valued at about $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Eversource Energy in the second quarter worth about $31,000. Finally, Anchor Investment Management LLC boosted its holdings in shares of Eversource Energy by 122.0% in the second quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock worth $35,000 after buying an additional 300 shares during the period. 79.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group reduced their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $73.00 to $85.00 in a research report on Tuesday, October 21st. Mizuho reissued a “neutral” rating and set a $68.00 price target (down from $81.00) on shares of Eversource Energy in a research report on Thursday, November 20th. Finally, Wells Fargo & Company downgraded Eversource Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $79.00 to $63.00 in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $71.50.

Check Out Our Latest Stock Analysis on ES

Eversource Energy News Roundup

Here are the key news stories impacting Eversource Energy this week:

Eversource Energy Trading Up 4.3%

NYSE ES opened at $73.37 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25. The firm’s fifty day simple moving average is $68.45 and its 200-day simple moving average is $68.46. The company has a market capitalization of $27.53 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 3.13 and a beta of 0.77.

Eversource Energy (NYSE:ESGet Free Report) last issued its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a return on equity of 11.27% and a net margin of 12.49%.The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share 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. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is 65.86%.

About Eversource Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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