Eversource Energy $ES Stake Boosted by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in shares of Eversource Energy (NYSE:ES) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,944 shares of the utilities provider’s stock after acquiring an additional 7,679 shares during the quarter. Yousif Capital Management LLC’s holdings in Eversource Energy were worth $8,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. CX Institutional lifted its position in shares of Eversource Energy by 4.3% during the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 144 shares in the last quarter. Bank & Trust Co boosted its holdings in Eversource Energy by 2.0% during the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock worth $539,000 after purchasing an additional 149 shares during the last quarter. Kintegral Advisory LLC boosted its holdings in Eversource Energy by 0.6% during the third quarter. Kintegral Advisory LLC now owns 27,019 shares of the utilities provider’s stock worth $1,734,000 after purchasing an additional 152 shares during the last quarter. Retirement Planning Co of New England Inc. grew its position in Eversource Energy by 3.1% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,131 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 154 shares in the last quarter. Finally, GoalVest Advisory LLC grew its position in Eversource Energy by 12.0% in the 3rd quarter. GoalVest Advisory LLC now owns 1,509 shares of the utilities provider’s stock worth $97,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.5%

NYSE ES opened at $67.47 on Friday. The stock has a market capitalization of $25.42 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.94 and a beta of 0.67. Eversource Energy has a one year low of $62.72 and a one year high of $76.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The business’s fifty day moving average is $67.86 and its 200-day moving average is $69.74.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts predict that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.7875 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.15 annualized dividend and a yield of 4.7%. Eversource Energy’s payout ratio is currently 81.61%.

Wall Street Analyst Weigh In

Several research firms have commented on ES. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research note on Wednesday, July 1st. HSBC started coverage on Eversource Energy in a research note on Thursday. They issued a “hold” rating and a $70.00 target price on the stock. Citigroup restated a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Mizuho upped their target price on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company increased their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Four research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.91.

About Eversource Energy

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.