Prevail Innovative Wealth Advisors LLC Acquires 12,222 Shares of Eversource Energy $ES

Prevail Innovative Wealth Advisors LLC grew its holdings in Eversource Energy (NYSE:ES) by 110.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 23,307 shares of the utilities provider’s stock after buying an additional 12,222 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Eversource Energy were worth $1,658,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ES. Neo Ivy Capital Management purchased a new stake in Eversource Energy in the second quarter worth $26,000. Root Financial Partners LLC bought a new position in Eversource Energy in the 3rd quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Eversource Energy in the 3rd quarter worth about $27,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Eversource Energy in the 2nd quarter worth about $31,000. Finally, Anchor Investment Management LLC boosted its stake in shares of Eversource Energy by 122.0% during the 2nd 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 in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Performance

Shares of ES opened at $74.58 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The business’s 50 day moving average price is $70.52 and its 200-day moving average price is $69.36. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $76.41. The stock has a market cap of $28.00 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.22 and a beta of 0.76.

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

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 68.93%.

Insider Buying and Selling

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the transaction, the executive vice president directly owned 43,269 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. This represents a 3.15% 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 worth $1,211,079 in the last quarter. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. JPMorgan Chase & Co. reduced their target price on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Mizuho increased their target price on Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $71.00 to $78.00 in a research report on Tuesday, February 17th. Three equities research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $73.90.

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.