Eversource Energy $ES Position Raised by MBL Wealth LLC

MBL Wealth LLC lifted its position in shares of Eversource Energy (NYSE:ES) by 173.8% in the 3rd quarter, Holdings Channel reports. The fund owned 11,812 shares of the utilities provider’s stock after buying an additional 7,498 shares during the period. MBL Wealth LLC’s holdings in Eversource Energy were worth $758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Eversource Energy in the 2nd quarter worth about $3,086,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Eversource Energy by 1.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,620,413 shares of the utilities provider’s stock valued at $478,457,000 after buying an additional 88,163 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Eversource Energy during the second quarter valued at approximately $359,215,000. Deutsche Bank AG acquired a new position in shares of Eversource Energy during the second quarter worth approximately $311,548,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Eversource Energy during the second quarter worth approximately $272,105,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ES. BMO Capital Markets decreased their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company lifted 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, July 2nd. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. HSBC began coverage on Eversource Energy in a research report on Thursday. They set a “hold” rating and a $70.00 price target for the company. Finally, Mizuho increased their price target on 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 assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.91.

Eversource Energy Stock Down 0.5%

Eversource Energy stock opened at $67.47 on Friday. Eversource Energy has a 52 week low of $62.72 and a 52 week high of $76.57. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.95 and a beta of 0.67. The company’s 50-day moving average price is $67.86 and its two-hundred day moving average price is $69.74. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts expect that Eversource Energy will post 4.63 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, September 21st. Eversource Energy’s dividend payout ratio (DPR) is currently 81.61%.

About Eversource Energy

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.