Eversource Energy (NYSE:ES) Short Interest Update

Eversource Energy (NYSE:ES) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 6,595,114 shares, an increase of 33.8% from the January 29th total of 4,930,185 shares. Based on an average daily volume of 2,998,575 shares, the short-interest ratio is presently 2.2 days. Currently, 1.8% of the company’s stock are short sold. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 2,998,575 shares, the short-interest ratio is presently 2.2 days.

Eversource Energy Stock Performance

Shares of ES traded down $1.89 during trading hours on Monday, reaching $74.32. 2,455,067 shares of the company’s stock traded hands, compared to its average volume of 2,666,453. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $76.41. The business’s fifty day simple moving average is $69.75 and its two-hundred day simple moving average is $69.06. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market capitalization of $27.91 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 3.29 and a beta of 0.77.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Analysts predict that Eversource Energy will post 4.75 earnings per share for the current 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 paid a dividend of $0.7875 per share. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is 68.93%.

Insider Transactions at Eversource Energy

In other news, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, the insider owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 16,381 shares of company stock valued at $1,211,079. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Eversource Energy

Institutional investors have recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new position in Eversource Energy during the fourth quarter valued at $25,000. Neo Ivy Capital Management purchased a new position in Eversource Energy during the 2nd quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in shares of Eversource Energy in the 3rd quarter valued at about $26,000. Activest Wealth Management increased its holdings in shares of Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Eversource Energy in the third quarter worth approximately $27,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ES. UBS Group decreased their price objective on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Monday, November 24th. Scotiabank dropped their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Finally, Bank of America restated a “buy” rating on shares of Eversource Energy in a research note on Monday. Three equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.90.

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.