Opal Capital LLC Buys Shares of 16,188 Eversource Energy $ES

Opal Capital LLC purchased a new stake in Eversource Energy (NYSE:ES) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,188 shares of the utilities provider’s stock, valued at approximately $1,122,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Eversource Energy in the fourth quarter worth about $1,158,000. F m Investments LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at about $4,854,000. Forsta AP Fonden lifted its holdings in shares of Eversource Energy by 118.5% during the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after purchasing an additional 132,300 shares in the last quarter. John G Ullman & Associates Inc. grew its position in shares of Eversource Energy by 19.6% in the 4th quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock valued at $13,116,000 after purchasing an additional 31,875 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in shares of Eversource Energy in the 4th quarter valued at approximately $1,978,000. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on ES shares. Bank of America restated a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. Wells Fargo & Company upped their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Scotiabank lowered their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a report on Wednesday, July 1st. Finally, Citigroup reaffirmed a “neutral” rating and issued a $81.00 price objective on shares of Eversource Energy in a research report on Monday. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $72.58.

Eversource Energy Trading Up 1.0%

NYSE ES opened at $75.42 on Wednesday. The stock has a market capitalization of $28.36 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 4.94 and a beta of 0.70. The stock’s 50 day moving average price is $71.60 and its two-hundred day moving average price is $70.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.57.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share 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 firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a dividend of $0.7875 per share. The ex-dividend date was Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.2%. Eversource Energy’s dividend payout ratio is presently 67.31%.

Insiders Place Their Bets

In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.