Barr E S & Co. Invests $620,000 in Eversource Energy $ES

Barr E S & Co. acquired a new position in shares of Eversource Energy (NYSE:ES) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,208 shares of the utilities provider’s stock, valued at approximately $620,000.

A number of other hedge funds also recently made changes to their positions in the stock. Canada Post Corp Registered Pension Plan lifted its stake in Eversource Energy by 29.8% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 8,580 shares of the utilities provider’s stock worth $578,000 after purchasing an additional 1,970 shares during the last quarter. Hills Bank & Trust Co lifted its stake in Eversource Energy by 14.3% in the fourth quarter. Hills Bank & Trust Co now owns 8,564 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 1,074 shares during the last quarter. Stephens Inc. AR lifted its stake in Eversource Energy by 4.8% in the fourth quarter. Stephens Inc. AR now owns 62,813 shares of the utilities provider’s stock worth $4,229,000 after purchasing an additional 2,890 shares during the last quarter. AlphaCore Capital LLC lifted its stake in Eversource Energy by 33.7% in the fourth quarter. AlphaCore Capital LLC now owns 10,168 shares of the utilities provider’s stock worth $685,000 after purchasing an additional 2,562 shares during the last quarter. Finally, DNB Asset Management AS lifted its stake in Eversource Energy by 3.2% in the fourth quarter. DNB Asset Management AS now owns 160,192 shares of the utilities provider’s stock worth $10,786,000 after purchasing an additional 4,927 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Eversource Energy

In related 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 transaction of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’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 transaction, the insider owned 79,364 shares in the company, valued at $5,941,982.68. This represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 16,381 shares of company stock worth $1,211,079. 0.18% of the stock is currently owned by company insiders.

Eversource Energy Price Performance

ES stock opened at $67.26 on Friday. The firm’s 50-day moving average price is $69.54 and its two-hundred day moving average price is $69.75. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 4.45 and a beta of 0.74. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts predict that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be given a $0.7875 dividend. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. Eversource Energy’s payout ratio is presently 67.31%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ES. Bank of America reissued a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research note on Wednesday, April 22nd. Mizuho lowered their price target on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Wells Fargo & Company boosted their price target on shares of Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. BMO Capital Markets lowered their price target on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Finally, Argus raised shares of Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.70.

Eversource Energy 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.