MBL Wealth LLC Purchases 7,498 Shares of Eversource Energy $ES

MBL Wealth LLC lifted its position in shares of Eversource Energy (NYSE:ES) by 173.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,812 shares of the utilities provider’s stock after purchasing an additional 7,498 shares during the period. MBL Wealth LLC’s holdings in Eversource Energy were worth $758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Eversource Energy during the 2nd quarter worth $3,086,413,000. Legal & General Group Plc acquired a new position in Eversource Energy in the 2nd quarter worth $359,215,000. Deutsche Bank AG acquired a new position in Eversource Energy in the 2nd quarter worth $311,548,000. Hsbc Holdings PLC purchased a new position in Eversource Energy in the 2nd quarter valued at about $272,105,000. Finally, Magellan Asset Management Ltd purchased a new position in Eversource Energy in the 2nd quarter valued at about $248,397,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating for the company in a research note on Monday, October 19th. Capital One Financial set a $73.00 target price on Eversource Energy in a research report on Wednesday, July 1st. HSBC assumed coverage on Eversource Energy in a research note on Thursday. They issued a “hold” rating and a $70.00 price target on the stock. BMO Capital Markets reduced their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.91.

Eversource Energy Trading Down 0.5%

ES opened at $67.47 on Friday. Eversource Energy has a 12-month low of $62.72 and a 12-month high of $76.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The stock has a market capitalization of $25.42 billion, a PE ratio of 17.48, a P/E/G ratio of 2.95 and a beta of 0.67. The firm’s fifty day moving average price is $67.86 and its 200 day moving average price is $69.74.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts expect that Eversource Energy will post 4.63 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, September 21st. Eversource Energy’s payout ratio is 81.61%.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.