Assetmark Inc. Acquires 19,170 Shares of Eversource Energy $ES

Assetmark Inc. increased its stake in Eversource Energy (NYSE:ES) by 31.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 80,950 shares of the utilities provider’s stock after buying an additional 19,170 shares during the period. Assetmark Inc.’s holdings in Eversource Energy were worth $5,759,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Neo Ivy Capital Management purchased a new position in Eversource Energy in the second quarter valued at about $26,000. Root Financial Partners LLC bought a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Eversource Energy in the third quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC bought a new position in Eversource Energy during the second quarter valued at $31,000. Finally, Anchor Investment Management LLC grew its holdings in Eversource Energy by 122.0% during the second quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ES. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $73.00 to $85.00 in a research note on Tuesday, October 21st. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. JPMorgan Chase & Co. cut their target price on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $71.00 to $78.00 in a research note on Tuesday. Finally, Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Trading Down 0.5%

Shares of Eversource Energy stock opened at $73.00 on Wednesday. The company’s 50-day moving average price is $68.68 and its 200-day moving average price is $68.58. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $75.25. The company has a market cap of $27.39 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 3.16 and a beta of 0.77.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. Eversource Energy’s 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. On average, equities analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is 65.86%.

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.