Tableaux LLC Invests $1.31 Million in Eversource Energy $ES

Tableaux LLC bought a new position in shares of Eversource Energy (NYSE:ES) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 18,436 shares of the utilities provider’s stock, valued at approximately $1,312,000.

A number of other large investors have also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Eversource Energy by 7.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock worth $26,673,000 after buying an additional 30,641 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Eversource Energy by 5.4% in the 3rd quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock worth $27,521,000 after acquiring an additional 19,795 shares in the last quarter. Advisors Asset Management Inc. grew its position in Eversource Energy by 31.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock worth $2,506,000 after acquiring an additional 9,350 shares during the last quarter. Vanguard Group Inc. increased its holdings in Eversource Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock valued at $2,904,422,000 after purchasing an additional 691,165 shares in the last quarter. Finally, Synergy Asset Management LLC increased its holdings in Eversource Energy by 287.7% during the 3rd quarter. Synergy Asset Management LLC now owns 160,322 shares of the utilities provider’s stock valued at $10,783,000 after purchasing an additional 118,971 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider John Y. Kim sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the transaction, the insider owned 12,339 shares of the company’s stock, valued at $907,780.23. This represents a 32.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John M. Moreira sold 7,800 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the transaction, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is currently owned by company insiders.

Eversource Energy Price Performance

Eversource Energy stock opened at $75.24 on Wednesday. The business’s 50-day simple moving average is $69.27 and its 200 day simple moving average is $68.86. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 3.24 and a beta of 0.77. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $75.28.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be issued a $0.7875 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is currently 65.86%.

Analysts Set New Price Targets

ES has been the topic of a number of recent analyst reports. Mizuho boosted their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. JPMorgan Chase & Co. lowered their price objective on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Finally, UBS Group reduced their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Eversource Energy has an average rating of “Hold” and an average price target of $73.90.

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.