Allworth Financial LP Has $1.73 Million Stock Position in Eversource Energy $ES

Allworth Financial LP increased its holdings in shares of Eversource Energy (NYSE:ES) by 90.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,991 shares of the utilities provider’s stock after purchasing an additional 11,379 shares during the period. Allworth Financial LP’s holdings in Eversource Energy were worth $1,734,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Man Group plc acquired a new stake in Eversource Energy in the second quarter valued at approximately $57,166,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Eversource Energy during the fourth quarter worth $1,158,000. Forsta AP Fonden lifted its stake in shares of Eversource Energy by 118.5% in the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after acquiring an additional 132,300 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Eversource Energy by 13.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider’s stock valued at $25,468,000 after acquiring an additional 40,993 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Eversource Energy during the 1st quarter valued at $2,587,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

NYSE ES opened at $68.59 on Friday. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 2.99 and a beta of 0.69. Eversource Energy has a twelve month low of $62.89 and a twelve month high of $76.57. The stock has a fifty day simple moving average of $72.47 and a 200 day simple moving average of $71.00. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts expect that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, September 21st. Eversource Energy’s dividend payout ratio (DPR) is currently 81.61%.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of research reports. Citigroup restated a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th. Wells Fargo & Company lifted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings raised Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Finally, Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.92.

Eversource Energy Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.