SG Americas Securities LLC Purchases 79,963 Shares of Eversource Energy $ES

SG Americas Securities LLC grew its position in Eversource Energy (NYSE:ES) by 30.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 344,771 shares of the utilities provider’s stock after buying an additional 79,963 shares during the period. SG Americas Securities LLC’s holdings in Eversource Energy were worth $23,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new position in Eversource Energy in the fourth quarter valued at about $25,000. Activest Wealth Management raised its holdings in Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the last quarter. TFC Financial Management Inc. raised its holdings in Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Eversource Energy during the 4th quarter valued at about $28,000. Finally, Key Capital Management INC acquired a new position in Eversource Energy during the 4th quarter valued at about $29,000. Institutional investors own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company’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 value of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ES. JPMorgan Chase & Co. raised their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Mizuho dropped 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 note on Thursday, March 26th. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. UBS Group reduced their price objective on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $71.70.

Eversource Energy Trading Up 0.8%

NYSE:ES opened at $71.59 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. The firm has a market capitalization of $26.92 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 4.70 and a beta of 0.71. The business’s 50-day moving average price is $68.88 and its two-hundred day moving average price is $69.52.

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

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be issued a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.4%. Eversource Energy’s payout ratio is currently 67.31%.

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.