Eversource Energy $ES Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its stake in Eversource Energy (NYSE:ES) by 55.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 55,071 shares of the utilities provider’s stock after buying an additional 19,628 shares during the period. Integrated Wealth Concepts LLC’s holdings in Eversource Energy were worth $3,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ES. Elevation Wealth Partners LLC increased its position in shares of Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 240 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in Eversource Energy in the 2nd quarter worth $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in Eversource Energy during the 4th quarter worth about $28,000. Godfrey Financial Associates Inc. purchased a new stake in Eversource Energy during the 4th quarter valued at about $29,000. Finally, First Bancorp Inc ME acquired a new position in shares of Eversource Energy in the second quarter valued at about $30,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup reaffirmed a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Finally, Mizuho increased their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Stock Down 0.6%

Shares of ES opened at $68.59 on Friday. Eversource Energy has a 52 week low of $62.89 and a 52 week high of $76.57. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 2.97 and a beta of 0.69. The stock’s 50-day moving average price is $72.47 and its 200-day moving average price is $71.00.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.Eversource Energy’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.7875 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy’s dividend payout ratio (DPR) is presently 81.61%.

Eversource Energy Company Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.