Eversource Energy $ES Shares Acquired by ProVise Management Group LLC

ProVise Management Group LLC raised its holdings in shares of Eversource Energy (NYSE:ES) by 39.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 36,534 shares of the utilities provider’s stock after purchasing an additional 10,289 shares during the quarter. ProVise Management Group LLC’s holdings in Eversource Energy were worth $2,599,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Neo Ivy Capital Management bought a new position in shares of Eversource Energy in the second quarter valued at $26,000. Root Financial Partners LLC bought a new stake in shares of Eversource Energy during the 3rd quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Eversource Energy during the 3rd quarter worth $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Eversource Energy in the 2nd quarter worth $31,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ES. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, November 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. UBS Group dropped their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Mizuho boosted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus target price of $73.90.

Insider Transactions at Eversource Energy

In related news, EVP John M. Moreira sold 7,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Y. Kim sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the sale, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,381 shares of company stock valued at $1,211,079 over the last three months. 0.19% of the stock is owned by corporate insiders.

Eversource Energy Stock Performance

Shares of ES stock opened at $74.58 on Monday. The company has a market capitalization of $28.00 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 3.22 and a beta of 0.76. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $76.41. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The stock’s fifty day simple moving average is $70.52 and its 200-day simple moving average is $69.39.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business earned $1.01 EPS. The business’s revenue for the quarter 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, sell-side analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be issued a $0.7875 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio is currently 68.93%.

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.