Eversource Energy $ES Shares Sold by Tableaux LLC

Tableaux LLC lowered its position in shares of Eversource Energy (NYSE:ES) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,218 shares of the utilities provider’s stock after selling 9,218 shares during the period. Tableaux LLC’s holdings in Eversource Energy were worth $621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lodestone Wealth Management LLC acquired a new position in shares of Eversource Energy during the fourth quarter worth $25,000. Activest Wealth Management grew its stake in shares of Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares in the last quarter. TFC Financial Management Inc. grew its stake in shares of Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of Eversource Energy during the fourth quarter worth $29,000. Finally, Key Capital Management INC acquired a new position in shares of Eversource Energy during the fourth quarter worth $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Eversource Energy Stock Performance

NYSE ES opened at $68.70 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. The company has a market capitalization of $25.84 billion, a PE ratio of 14.68, a P/E/G ratio of 4.54 and a beta of 0.72. The company has a fifty day moving average of $68.83 and a two-hundred day moving average of $69.33.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 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 business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The business’s revenue 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, analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio is presently 67.31%.

Analysts Set New Price Targets

ES has been the subject of several research analyst reports. BMO Capital Markets decreased their price objective 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. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Bank of America restated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.