Sound Income Strategies LLC Has $17.65 Million Stake in Eversource Energy $ES

Sound Income Strategies LLC reduced its position in Eversource Energy (NYSE:ES) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 253,389 shares of the utilities provider’s stock after selling 7,192 shares during the quarter. Sound Income Strategies LLC’s holdings in Eversource Energy were worth $17,649,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ES. Aventail Capital Group LP boosted its holdings in Eversource Energy by 134.6% during the third quarter. Aventail Capital Group LP now owns 1,366,121 shares of the utilities provider’s stock valued at $97,186,000 after purchasing an additional 783,768 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Eversource Energy by 87.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,060,902 shares of the utilities provider’s stock worth $75,461,000 after buying an additional 494,158 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Eversource Energy by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock worth $361,996,000 after buying an additional 63,466 shares in the last quarter. Brick & Kyle Associates bought a new position in shares of Eversource Energy during the 3rd quarter worth approximately $7,067,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Eversource Energy during the 4th quarter worth approximately $1,158,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Mizuho decreased their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Wells Fargo & Company lifted their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. boosted 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Finally, Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.91.

Eversource Energy Stock Up 2.9%

Shares of ES opened at $74.30 on Friday. The company has a market capitalization of $27.94 billion, a P/E ratio of 15.88, a PEG ratio of 4.78 and a beta of 0.70. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The business’s 50 day simple moving average is $69.41 and its 200-day simple moving average is $69.76.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the company earned $1.50 EPS. Eversource Energy’s revenue for the quarter was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts predict that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s payout ratio is currently 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.