Y Intercept Hong Kong Ltd Acquires 59,481 Shares of Eversource Energy $ES

Y Intercept Hong Kong Ltd increased its stake in Eversource Energy (NYSE:ES) by 357.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 76,129 shares of the utilities provider’s stock after buying an additional 59,481 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Eversource Energy were worth $5,274,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Lodestone Wealth Management LLC bought a new stake in Eversource Energy in the fourth quarter worth about $25,000. Activest Wealth Management grew its position in shares of Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 374 shares during the period. TFC Financial Management Inc. increased its stake in shares of Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Eversource Energy during the 4th quarter worth approximately $28,000. Finally, Key Capital Management INC bought a new stake in shares of Eversource Energy in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.2%

Shares of NYSE ES opened at $74.30 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The company has a market cap of $27.94 billion, a P/E ratio of 15.88, a P/E/G ratio of 4.92 and a beta of 0.70. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.41. The business has a 50-day simple moving average of $69.55 and a two-hundred day simple moving average of $69.79.

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

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the subject of several research reports. UBS Group reduced their price objective on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Wells Fargo & Company boosted their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America reaffirmed a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Mizuho cut their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.91.

About Eversource Energy

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.