Corient Private Wealth LLC Buys 16,021 Shares of Eversource Energy $ES

Corient Private Wealth LLC grew its stake in shares of Eversource Energy (NYSE:ESFree Report) by 26.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 77,101 shares of the utilities provider’s stock after purchasing an additional 16,021 shares during the period. Corient Private Wealth LLC’s holdings in Eversource Energy were worth $5,192,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Lodestone Wealth Management LLC bought a new position in Eversource Energy during the fourth quarter valued at about $25,000. Activest Wealth Management lifted its position in Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the period. TFC Financial Management Inc. lifted its position in Eversource Energy by 2,857.1% in the fourth 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 period. Garton & Associates Financial Advisors LLC acquired a new stake in Eversource Energy during the fourth quarter worth $28,000. Finally, Key Capital Management INC acquired a new stake in Eversource Energy during the fourth quarter worth $29,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $73.33 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 market cap of $27.58 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 4.77 and a beta of 0.71. The stock’s 50-day moving average is $69.03 and its 200-day moving average is $69.59. Eversource Energy has a one year low of $61.53 and a one year high of $76.41.

Eversource Energy (NYSE:ESGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the company earned $1.50 earnings per share. Eversource Energy’s quarterly 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. Equities analysts predict that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is currently 67.31%.

Insider Activity

In other news, VP Gregory B. 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 value of $489,160.00. Following the sale, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ES shares. UBS Group decreased their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. BMO Capital Markets dropped their price target on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Wells Fargo & Company raised their price target on shares of Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Scotiabank decreased their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Finally, Bank of America reiterated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $71.70.

Read Our Latest Stock Report on ES

About Eversource Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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