NewEdge Wealth LLC Purchases New Stake in Eversource Energy $ES

NewEdge Wealth LLC purchased a new stake in shares of Eversource Energy (NYSE:ESFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,485 shares of the utilities provider’s stock, valued at approximately $504,000.

Several other large investors have also recently bought and sold shares of ES. AQR Capital Management LLC raised its position in Eversource Energy by 412.7% during the third quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider’s stock valued at $127,133,000 after buying an additional 1,449,388 shares during the period. LSV Asset Management raised its position in Eversource Energy by 331.5% during the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock valued at $111,446,000 after buying an additional 1,203,563 shares during the period. Vanguard Group Inc. raised its position in Eversource Energy by 2.5% during the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock valued at $3,330,374,000 after buying an additional 1,161,708 shares during the period. Aventail Capital Group LP raised its position in Eversource Energy by 134.6% during the third quarter. Aventail Capital Group LP now owns 1,366,121 shares of the utilities provider’s stock valued at $97,186,000 after buying an additional 783,768 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Eversource Energy by 89.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,395,106 shares of the utilities provider’s stock valued at $93,932,000 after buying an additional 657,562 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ES. Scotiabank dropped their price target on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, April 21st. Mizuho dropped their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Bank of America reissued a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. boosted their target price on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $71.70.

Get Our Latest Report on Eversource Energy

Insider Buying and Selling at Eversource Energy

In other news, insider John Y. Kim sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the sale, the insider owned 12,339 shares in the company, valued at approximately $907,780.23. This represents a 32.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the sale, the insider owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,381 shares of company stock worth $1,211,079 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $67.26 on Friday. The business’s 50-day moving average price is $69.54 and its two-hundred day moving average price is $69.75. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The company has a market capitalization of $25.29 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 4.45 and a beta of 0.74.

Eversource Energy (NYSE:ESGet Free Report) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating 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 firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The business’s quarterly 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. 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 will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be paid a $0.7875 dividend. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.7%. Eversource Energy’s payout ratio is 67.31%.

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.

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

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