Eversource Energy (NYSE:ES) Insider Cotton Cleveland Sells 2,581 Shares of Stock

Eversource Energy (NYSE:ES) insider Cotton Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Eversource Energy Trading Up 0.2%

Shares of NYSE ES traded up $0.13 during trading on Thursday, hitting $75.05. 318,915 shares of the company traded hands, compared to its average volume of 2,618,779. The firm has a market capitalization of $28.18 billion, a P/E ratio of 16.44, a P/E/G ratio of 3.25 and a beta of 0.77. 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 company has a 50-day moving average price of $69.42 and a 200-day moving average price of $68.91. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $75.43.

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

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. 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 payout ratio is presently 65.86%.

Institutional Trading of Eversource Energy

Several institutional investors and hedge funds have recently bought and sold shares of ES. Lodestone Wealth Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter valued at approximately $25,000. Neo Ivy Capital Management bought a new stake in Eversource Energy during the second quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in shares of Eversource Energy during the third quarter worth $26,000. Activest Wealth Management lifted 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 worth $26,000 after buying an additional 374 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Eversource Energy in the 3rd quarter worth about $27,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ES. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $71.00 to $78.00 in a research report on Tuesday, February 17th. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Monday, November 24th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Scotiabank dropped their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. Finally, Mizuho raised their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and a consensus target price 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.