Assetmark Inc. Acquires 19,170 Shares of Eversource Energy $ES

Assetmark Inc. lifted its holdings in shares of Eversource Energy (NYSE:ES) by 31.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,950 shares of the utilities provider’s stock after purchasing an additional 19,170 shares during the period. Assetmark Inc.’s holdings in Eversource Energy were worth $5,759,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in shares of Eversource Energy during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in Eversource Energy during the third quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Eversource Energy in the third quarter worth $27,000. Elevation Point Wealth Partners LLC bought a new stake in Eversource Energy in the second quarter valued at $31,000. Finally, Anchor Investment Management LLC raised its holdings in shares of Eversource Energy by 122.0% during the second quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ES shares. Mizuho raised their target price on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Monday, November 24th. Finally, Bank of America raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $73.00 to $85.00 in a research report on Tuesday, October 21st. Three 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $73.00 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. The stock has a market cap of $27.39 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 3.16 and a beta of 0.77. The stock’s fifty day simple moving average is $68.68 and its two-hundred day simple moving average is $68.58. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The company 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 company posted $1.01 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Thursday, March 5th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio (DPR) is presently 65.86%.

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.