Maridea Wealth Management LLC Purchases Shares of 9,290 Eversource Energy $ES

Maridea Wealth Management LLC acquired a new position in shares of Eversource Energy (NYSE:ES) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,290 shares of the utilities provider’s stock, valued at approximately $677,000.

Several other hedge funds also recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in Eversource Energy during the third quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Eversource Energy during the 3rd quarter worth approximately $27,000. Neo Ivy Capital Management bought a new stake in shares of Eversource Energy during the 2nd quarter worth approximately $26,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Eversource Energy in the 2nd quarter valued at approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $36,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Down 1.8%

Shares of ES stock opened at $71.71 on Thursday. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $75.25. The company has a market capitalization of $26.91 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 3.14 and a beta of 0.77. The firm has a 50 day moving average price of $68.76 and a two-hundred day moving average price of $68.60. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a return on equity of 11.27% and a net margin of 12.49%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, analysts predict that Eversource Energy will post 4.75 earnings per share for the current 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 given a $0.7875 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.4%. Eversource Energy’s dividend payout ratio (DPR) is presently 65.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Mizuho boosted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $71.00 to $78.00 in a report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $73.90.

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.