Inceptionr LLC Has $264,000 Stock Position in Eversource Energy $ES

Inceptionr LLC lowered its stake in shares of Eversource Energy (NYSE:ES) by 78.0% during the third quarter, HoldingsChannel reports. The fund owned 3,718 shares of the utilities provider’s stock after selling 13,154 shares during the quarter. Inceptionr LLC’s holdings in Eversource Energy were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ES. Root Financial Partners LLC bought a new stake in Eversource Energy in the 3rd quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Eversource Energy during the 3rd quarter worth about $27,000. Neo Ivy Capital Management bought a new position in shares of Eversource Energy during the 2nd quarter worth about $26,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Eversource Energy during the second quarter valued at about $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Eversource Energy during the third quarter valued at about $36,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $73.11 on Friday. The firm has a market cap of $27.45 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 3.20 and a beta of 0.76. The firm’s 50-day simple moving average is $71.02 and its 200-day simple moving average is $69.55. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $76.41. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65.

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

Eversource Energy Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.3%. 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. Eversource Energy’s payout ratio is currently 68.93%.

Insider Buying and Selling

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was 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 $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the transaction, the insider owned 12,339 shares of the company’s stock, valued at $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,381 shares of company stock worth $1,211,079 in the last 90 days. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ES. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. BMO Capital Markets upped 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. JPMorgan Chase & Co. raised their price objective on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Monday, November 24th. Finally, Mizuho boosted their price objective on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.30.

About Eversource Energy

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.