16,230 Shares in Eversource Energy $ES Acquired by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC acquired a new stake in shares of Eversource Energy (NYSE:ES) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 16,230 shares of the utilities provider’s stock, valued at approximately $1,155,000.

Several other hedge funds have also recently modified their holdings of ES. United Asset Strategies Inc. increased its holdings in Eversource Energy by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after acquiring an additional 138 shares during the last quarter. Mystic Asset Management Inc. lifted its position in shares of Eversource Energy by 0.9% in the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock worth $1,177,000 after buying an additional 150 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Eversource Energy by 3.3% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock valued at $360,000 after buying an additional 162 shares during the last quarter. Fifth Third Bancorp boosted its stake in Eversource Energy by 0.8% during the third quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock valued at $1,686,000 after buying an additional 186 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its holdings in Eversource Energy by 4.2% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 4,711 shares of the utilities provider’s stock valued at $335,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 1.5%

Shares of NYSE:ES opened at $76.19 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The business has a 50 day simple moving average of $69.75 and a two-hundred day simple moving average of $69.02. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $76.41. The firm has a market capitalization of $28.61 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 3.24 and a beta of 0.77.

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

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be issued a $0.7875 dividend. The ex-dividend date is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.1%. Eversource Energy’s dividend payout ratio (DPR) is presently 65.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ES shares. JPMorgan Chase & Co. lowered their target price on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Scotiabank lowered their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Thursday, November 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. Finally, BMO Capital Markets increased their price target on shares of Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.90.

Insider Buying and Selling

In other news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction on Tuesday, February 24th. The stock was 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 of the company’s stock, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John M. Moreira sold 7,800 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at approximately $3,197,579.10. This represents a 15.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,381 shares of company stock valued at $1,211,079 over the last quarter. 0.41% of the stock is owned by corporate insiders.

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.