Eversource Energy (NYSE:ES) VP Gregory Butler Sells 7,000 Shares

Eversource Energy (NYSE:ES) VP Gregory Butler sold 7,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eversource Energy Stock Performance

ES opened at $70.56 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a fifty day moving average price of $68.81 and a 200 day moving average price of $69.29. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. The stock has a market cap of $26.54 billion, a P/E ratio of 15.08, a P/E/G ratio of 4.63 and a beta of 0.71.

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

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, May 18th. Eversource Energy’s payout ratio is currently 67.31%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Mizuho decreased their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. Scotiabank decreased their target price on shares of 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. JPMorgan Chase & Co. boosted their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Finally, UBS Group reduced their price objective on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.70.

Hedge Funds Weigh In On Eversource Energy

A number of large investors have recently added to or reduced their stakes in ES. Lodestone Wealth Management LLC acquired a new position in Eversource Energy during the fourth quarter worth $25,000. Activest Wealth Management raised its position in Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 374 shares during the period. TFC Financial Management Inc. raised its position in Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 400 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in Eversource Energy during the fourth quarter worth $28,000. Finally, Key Capital Management INC acquired a new position in Eversource Energy during the fourth quarter worth $29,000. 79.99% of the stock is currently 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.