IFP Advisors Inc Boosts Stake in Eversource Energy $ES

IFP Advisors Inc lifted its position in Eversource Energy (NYSE:ES) by 240.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,972 shares of the utilities provider’s stock after buying an additional 9,158 shares during the quarter. IFP Advisors Inc’s holdings in Eversource Energy were worth $937,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of Eversource Energy by 90.2% during the second quarter. Allworth Financial LP now owns 23,991 shares of the utilities provider’s stock worth $1,734,000 after purchasing an additional 11,379 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Eversource Energy by 5.7% in the 2nd quarter. Arizona State Retirement System now owns 107,759 shares of the utilities provider’s stock valued at $7,788,000 after buying an additional 5,772 shares during the period. West Family Investments Inc. purchased a new position in Eversource Energy in the second quarter worth approximately $702,000. Waverly Advisors LLC grew its stake in shares of Eversource Energy by 180.7% during the second quarter. Waverly Advisors LLC now owns 17,388 shares of the utilities provider’s stock worth $1,257,000 after purchasing an additional 11,193 shares in the last quarter. Finally, Empirical Finance LLC boosted its position in shares of Eversource Energy by 3.7% during the 2nd quarter. Empirical Finance LLC now owns 12,493 shares of the utilities provider’s stock worth $903,000 after acquiring an additional 447 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES opened at $68.24 on Tuesday. The stock has a market capitalization of $25.70 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.97 and a beta of 0.69. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a 1 year low of $62.89 and a 1 year high of $76.57. The company’s fifty day moving average is $72.37 and its two-hundred day moving average is $70.93.

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

Eversource Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ES shares. Wells Fargo & Company upped their target price 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. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. Citigroup restated a “hold” rating and issued a $81.00 price objective on shares of Eversource Energy in a research note on Monday, July 27th. Mizuho raised their price objective on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Company 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.