Tounjian Advisory Partners LLC Takes $1.16 Million Position in Eversource Energy $ES

Tounjian Advisory Partners LLC acquired a new stake in shares of Eversource Energy (NYSE:ES) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,230 shares of the utilities provider’s stock, valued at approximately $1,155,000.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Eversource Energy during the 3rd quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Eversource Energy during the 3rd quarter worth $27,000. Neo Ivy Capital Management purchased a new stake in shares of Eversource Energy during the 2nd quarter worth $26,000. Elevation Point Wealth Partners LLC bought a new stake in Eversource Energy during the second quarter valued at about $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Eversource Energy during the third quarter valued at about $36,000. Institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ES. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $71.00 to $78.00 in a research report on Tuesday, February 17th. Scotiabank cut their price target on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Thursday, November 20th. BMO Capital Markets upped their price target on Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Finally, Mizuho raised their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Trading Up 1.5%

NYSE:ES opened at $76.19 on Friday. The company has a market capitalization of $28.61 billion, a P/E ratio of 16.67, a PEG ratio of 3.24 and a beta of 0.77. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41. The firm has a fifty day simple moving average of $69.75 and a 200-day simple moving average of $69.02.

Eversource Energy (NYSE:ES) last released its 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. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $1.01 EPS. The firm’s 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. On average, equities research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s dividend payout ratio is presently 65.86%.

Insider Activity at Eversource Energy

In related news, EVP John M. Moreira sold 7,800 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at approximately $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 link. Also, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,381 shares of company stock worth $1,211,079 over the last quarter. Insiders own 0.41% of the company’s stock.

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.