Eversource Energy (NYSE:ES – Get Free Report) VP Gregory Butler sold 7,000 shares of the company’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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Eversource Energy Trading Up 1.0%
NYSE:ES traded up $0.68 during mid-day trading on Friday, reaching $70.56. The company’s stock had a trading volume of 3,074,473 shares, compared to its average volume of 2,533,026. 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 stock has a market cap of $26.54 billion, a P/E ratio of 15.08, a P/E/G ratio of 4.52 and a beta of 0.71. The company’s fifty day simple moving average is $68.74 and its two-hundred day simple moving average is $69.28. Eversource Energy has a twelve month low of $61.53 and a twelve month high of $76.41.
Eversource Energy (NYSE:ES – Get Free Report) last posted its quarterly earnings data 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 net margin of 12.55% and a return on equity of 11.59%. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The company’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. On average, equities analysts predict that Eversource Energy will post 4.65 EPS for the current year.
Eversource Energy Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ES. Parallel Advisors LLC grew its holdings in Eversource Energy by 14.3% during the 1st quarter. Parallel Advisors LLC now owns 4,424 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 554 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Eversource Energy by 4.4% in the 1st quarter. NewEdge Advisors LLC now owns 44,858 shares of the utilities provider’s stock worth $3,108,000 after buying an additional 1,891 shares in the last quarter. Optiver Holding B.V. boosted its position in Eversource Energy by 320.0% in the 1st quarter. Optiver Holding B.V. now owns 2,205 shares of the utilities provider’s stock valued at $153,000 after buying an additional 1,680 shares during the last quarter. Caerus Investment Advisors LLC purchased a new position in Eversource Energy in the 1st quarter valued at about $222,000. Finally, Summitry LLC acquired a new stake in shares of Eversource Energy during the first quarter valued at about $218,000. Institutional investors and hedge funds own 79.99% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on ES shares. Wells Fargo & Company increased their target price on Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Argus upgraded Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. UBS Group cut their price objective on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Bank of America reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average target price of $71.70.
Get Our Latest Stock Analysis on Eversource Energy
Eversource Energy Company Profile
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.
Read More
- Five stocks we like better than Eversource Energy
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.
