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

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

Eversource Energy Stock Down 0.1%

ES traded down $0.08 during trading on Friday, hitting $73.59. The company had a trading volume of 4,759,635 shares, compared to its average volume of 2,684,694. The company has a market capitalization of $27.63 billion, a PE ratio of 16.10, a PEG ratio of 3.08 and a beta of 0.77. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. Eversource Energy has a one year low of $52.28 and a one year high of $75.25. The firm’s 50-day moving average price is $68.89 and its 200 day moving average price is $68.64.

Eversource Energy (NYSE:ES) last released its quarterly earnings results 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. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, March 5th. 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. Eversource Energy’s dividend payout ratio (DPR) is 65.86%.

Wall Street Analyst Weigh In

ES has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Monday, November 24th. BMO Capital Markets upped their target price on Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a report on Tuesday. Mizuho increased their price target on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ES. Empowered Funds LLC boosted its position in Eversource Energy by 8.9% during the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares during the period. Woodline Partners LP lifted its stake in shares of Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after buying an additional 8,984 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Eversource Energy by 115.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after buying an additional 801 shares during the period. Chicago Partners Investment Group LLC grew its stake in Eversource Energy by 27.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,146 shares of the utilities provider’s stock valued at $275,000 after buying an additional 901 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in Eversource Energy by 0.5% in the 2nd quarter. Stephens Inc. AR now owns 43,962 shares of the utilities provider’s stock valued at $2,797,000 after acquiring an additional 223 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

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.