HighTower Advisors LLC Grows Holdings in Eversource Energy $ES

HighTower Advisors LLC grew its position in Eversource Energy (NYSE:ES) by 20.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,295 shares of the utilities provider’s stock after acquiring an additional 50,961 shares during the period. HighTower Advisors LLC owned about 0.08% of Eversource Energy worth $20,936,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Eversource Energy in the 2nd quarter worth about $274,744,000. Lazard Asset Management LLC grew its holdings in Eversource Energy by 43,905.7% in the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock valued at $171,309,000 after purchasing an additional 2,686,588 shares during the period. LSV Asset Management increased its position in shares of Eversource Energy by 331.5% in the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock valued at $111,446,000 after buying an additional 1,203,563 shares in the last quarter. Covalis Capital LLP acquired a new position in shares of Eversource Energy during the 2nd quarter worth approximately $71,377,000. Finally, Panagora Asset Management Inc. lifted its position in shares of Eversource Energy by 310.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,110,122 shares of the utilities provider’s stock valued at $70,626,000 after buying an additional 839,459 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ES has been the subject of several recent analyst reports. Scotiabank cut their price target on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. BMO Capital Markets upped their price target on shares of Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a research report on Tuesday. UBS Group decreased their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Price Performance

Shares of NYSE ES opened at $73.66 on Friday. The firm has a 50-day simple moving average of $68.89 and a 200-day simple moving average of $68.64. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $27.66 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 3.08 and a beta of 0.77. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company earned $1.01 EPS. Eversource Energy’s revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given a dividend of $0.7875 per share. 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 4.3%. Eversource Energy’s dividend payout ratio (DPR) is 65.86%.

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.