Inceptionr LLC Makes New $1.34 Million Investment in Eversource Energy $ES

Inceptionr LLC acquired a new position in shares of Eversource Energy (NYSE:ES) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,346 shares of the utilities provider’s stock, valued at approximately $1,340,000.

Several other institutional investors and hedge funds have also modified their holdings of ES. Sei Investments Co. raised its position in Eversource Energy by 46.5% in the 1st quarter. Sei Investments Co. now owns 460,195 shares of the utilities provider’s stock valued at $31,880,000 after purchasing an additional 146,135 shares during the last quarter. Lido Advisors LLC lifted its position in Eversource Energy by 11.2% during the 1st quarter. Lido Advisors LLC now owns 20,996 shares of the utilities provider’s stock worth $1,455,000 after buying an additional 2,113 shares in the last quarter. Cetera Investment Advisers grew its holdings in Eversource Energy by 3.8% during the 1st quarter. Cetera Investment Advisers now owns 268,855 shares of the utilities provider’s stock worth $18,626,000 after acquiring an additional 9,870 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in Eversource Energy during the 1st quarter worth about $1,620,000. Finally, Measured Wealth Private Client Group LLC raised its stake in shares of Eversource Energy by 28.7% in the first quarter. Measured Wealth Private Client Group LLC now owns 19,831 shares of the utilities provider’s stock worth $1,374,000 after acquiring an additional 4,421 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on ES shares. Mizuho cut their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Wells Fargo & Company increased their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Capital One Financial set a $73.00 target price on Eversource Energy in a report on Wednesday, July 1st. UBS Group decreased their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Finally, Bank of America reiterated a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $71.82.

Eversource Energy Stock Up 0.3%

NYSE:ES opened at $74.67 on Friday. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. The stock has a 50-day moving average price of $71.18 and a two-hundred day moving average price of $70.48. The stock has a market cap of $28.08 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 4.92 and a beta of 0.70. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $1.50 earnings per share. Eversource Energy’s revenue was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts expect that Eversource Energy will post 4.66 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were paid a $0.7875 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. Eversource Energy’s payout ratio is presently 67.31%.

Insiders Place Their Bets

In other news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

About Eversource Energy

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.