Eversource Energy $ES Shares Acquired by ProVise Management Group LLC

ProVise Management Group LLC boosted its position in Eversource Energy (NYSE:ES) by 39.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,534 shares of the utilities provider’s stock after purchasing an additional 10,289 shares during the quarter. ProVise Management Group LLC’s holdings in Eversource Energy were worth $2,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ES. Norges Bank acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $274,744,000. Lazard Asset Management LLC boosted its position in shares of Eversource Energy by 43,905.7% during the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock worth $171,309,000 after buying an additional 2,686,588 shares during the period. LSV Asset Management boosted its position in shares of Eversource Energy by 331.5% during the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock worth $111,446,000 after buying an additional 1,203,563 shares during the period. Vanguard Group Inc. grew its holdings in Eversource Energy by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after buying an additional 1,161,708 shares in the last quarter. Finally, Covalis Capital LLP acquired a new stake in Eversource Energy in the 2nd quarter valued at approximately $71,377,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ES. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Bank of America reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, March 2nd. BMO Capital Markets raised their price target on Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Scotiabank cut their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. Finally, Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Performance

ES opened at $74.58 on Monday. The company has a market capitalization of $28.00 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 3.22 and a beta of 0.76. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $76.41. The business has a 50 day moving average price of $70.52 and a two-hundred day moving average price of $69.39.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company posted $1.01 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. Eversource Energy’s payout ratio is currently 68.93%.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the sale, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,381 shares of company stock valued at $1,211,079 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

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.