Eversource Energy $ES Shares Sold by Aventail Capital Group LP

Aventail Capital Group LP decreased its position in Eversource Energy (NYSE:ES) by 37.7% in the 4th quarter, Holdings Channel reports. The fund owned 851,699 shares of the utilities provider’s stock after selling 514,422 shares during the period. Eversource Energy accounts for 3.3% of Aventail Capital Group LP’s holdings, making the stock its 6th biggest holding. Aventail Capital Group LP’s holdings in Eversource Energy were worth $57,345,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new stake in Eversource Energy in the fourth quarter valued at approximately $25,000. Activest Wealth Management boosted its stake in shares of Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after buying an additional 374 shares during the last quarter. TFC Financial Management Inc. boosted its stake in shares of Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after buying an additional 400 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of Eversource Energy during the 4th quarter valued at approximately $29,000. Finally, Key Capital Management INC purchased a new position in shares of Eversource Energy during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Eversource Energy Stock Performance

Shares of ES opened at $69.02 on Thursday. The business’s fifty day moving average price is $68.82 and its 200 day moving average price is $69.39. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The stock has a market capitalization of $25.96 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 4.62 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the business posted $1.50 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts forecast that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.6%. Eversource Energy’s dividend payout ratio (DPR) is currently 67.31%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Mizuho reduced their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. UBS Group reduced their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Scotiabank reduced their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $71.70.

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.