Hilton Head Capital Partners LLC Acquires New Position in Eversource Energy $ES

Hilton Head Capital Partners LLC acquired a new stake in Eversource Energy (NYSE:ES) in the 4th quarter, Holdings Channel reports. The fund acquired 14,167 shares of the utilities provider’s stock, valued at approximately $954,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ES. Lodestone Wealth Management LLC purchased a new position in shares of Eversource Energy in the 4th quarter valued at approximately $25,000. Activest Wealth Management raised its position in shares of Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 374 shares during the last quarter. TFC Financial Management Inc. raised its position in shares of Eversource Energy by 2,857.1% in the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 400 shares during the last quarter. Key Capital Management INC purchased a new position in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. Finally, Godfrey Financial Associates Inc. acquired a new position in Eversource Energy in the 4th quarter worth approximately $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on ES shares. 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. Mizuho reduced their price target on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. BMO Capital Markets reduced 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. Argus raised shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $71.70.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were 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 $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 is available through this link. 0.18% of the stock is owned by insiders.

Eversource Energy Stock Performance

ES opened at $70.56 on Monday. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $26.54 billion, a PE ratio of 15.08, a P/E/G ratio of 4.68 and a beta of 0.71. The firm has a 50 day moving average of $68.81 and a two-hundred day moving average of $69.26.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results 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. The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. Eversource Energy’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts anticipate that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

About Eversource Energy

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.