31,668 Shares in Eversource Energy $ES Bought by Havemeyer Place LP

Havemeyer Place LP purchased a new position in Eversource Energy (NYSE:ES) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,668 shares of the utilities provider’s stock, valued at approximately $2,132,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC bought a new position in Eversource Energy in the fourth quarter worth $25,000. Activest Wealth Management raised its holdings 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 in the last quarter. TFC Financial Management Inc. raised its holdings 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 in the last quarter. Key Capital Management INC bought a new position in Eversource Energy in the fourth quarter worth $29,000. Finally, Godfrey Financial Associates Inc. bought a new position in Eversource Energy in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

NYSE ES opened at $70.56 on Friday. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The stock has a 50-day moving average of $68.81 and a 200 day moving average of $69.29. The company has a market capitalization of $26.54 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 4.68 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts forecast that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s payout ratio is presently 67.31%.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the sale, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ES shares. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. JPMorgan Chase & Co. increased their price objective on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Bank of America reiterated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, Mizuho reduced their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.70.

Eversource Energy 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.