Eversource Energy (NYSE:ES) EVP John Moreira Sells 7,800 Shares

Eversource Energy (NYSE:ES) EVP John Moreira sold 7,800 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the transaction, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. This represents a 15.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Eversource Energy Price Performance

Shares of NYSE:ES traded down $0.08 during midday trading on Friday, reaching $73.59. The company’s stock had a trading volume of 4,759,635 shares, compared to its average volume of 2,684,694. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $75.25. The company has a market capitalization of $27.63 billion, a P/E ratio of 16.10, a P/E/G ratio of 3.08 and a beta of 0.77. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.64. The business’s fifty day simple moving average is $68.89 and its 200-day simple moving average is $68.64.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s payout ratio is currently 65.86%.

Analysts Set New Price Targets

Several research analysts have issued reports on ES shares. BMO Capital Markets upped their price objective on Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a report on Tuesday. UBS Group cut their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Mizuho boosted their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price 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. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.90.

Hedge Funds Weigh In On Eversource Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in ES. United Asset Strategies Inc. raised its stake in Eversource Energy by 1.0% during the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock worth $945,000 after buying an additional 138 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Eversource Energy by 1.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after purchasing an additional 140 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Eversource Energy by 1.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after purchasing an additional 142 shares in the last quarter. Mystic Asset Management Inc. grew its position in shares of Eversource Energy by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after purchasing an additional 150 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Eversource Energy by 1.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock worth $807,000 after purchasing an additional 160 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Company 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.