Maridea Wealth Management LLC Makes New $677,000 Investment in Eversource Energy $ES

Maridea Wealth Management LLC purchased a new stake in Eversource Energy (NYSE:ES) in the third quarter, HoldingsChannel reports. The firm purchased 9,290 shares of the utilities provider’s stock, valued at approximately $677,000.

Other institutional investors have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Eversource Energy by 7.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock worth $26,673,000 after acquiring an additional 30,641 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Eversource Energy by 5.4% during the third quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock valued at $27,521,000 after purchasing an additional 19,795 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Eversource Energy by 31.1% during the second quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock worth $2,506,000 after purchasing an additional 9,350 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Eversource Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock valued at $2,904,422,000 after buying an additional 691,165 shares during the period. Finally, Global Retirement Partners LLC bought a new position in Eversource Energy in the 2nd quarter valued at approximately $477,000. 79.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group reduced their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their price objective on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $71.00 to $78.00 in a research report on Tuesday. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Monday, November 24th. Finally, BMO Capital Markets increased their price target on Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Trading Down 1.8%

NYSE ES opened at $71.71 on Thursday. The stock has a market capitalization of $26.91 billion, a P/E ratio of 15.69, a P/E/G ratio of 3.14 and a beta of 0.77. The business has a 50 day simple moving average of $68.76 and a 200 day simple moving average of $68.60. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. Eversource Energy has a one year low of $52.28 and a one year high of $75.25.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.27% and a net margin of 12.49%.The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Research analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be issued a $0.7875 dividend. The ex-dividend date is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a yield of 4.4%. Eversource Energy’s dividend payout ratio is 65.86%.

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.