Eversource Energy $ES Stock: Vontobel Holding Ltd. Raises Position

Vontobel Holding Ltd. lifted its position in Eversource Energy (NYSE:ES) by 22.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 625,750 shares of the utilities provider’s stock after acquiring an additional 113,924 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.17% of Eversource Energy worth $40,148,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional grew its position in Eversource Energy by 4.3% during the 2nd quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 144 shares in the last quarter. Bank & Trust Co lifted its holdings in shares of Eversource Energy by 2.0% in the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 149 shares in the last quarter. Retirement Planning Co of New England Inc. lifted its holdings in shares of Eversource Energy by 3.1% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,131 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 154 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in shares of Eversource Energy by 12.0% in the third quarter. GoalVest Advisory LLC now owns 1,509 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 162 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its holdings in shares of Eversource Energy by 2.6% in the third quarter. Avidian Wealth Enterprises LLC now owns 6,866 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ES. Mizuho raised their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Citigroup reissued a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Capital One Financial set a $73.00 price target on Eversource Energy in a research report on Wednesday, July 1st. Weiss Ratings raised Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Finally, Wells Fargo & Company raised their price objective on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $72.64.

Eversource Energy Stock Up 1.4%

ES traded up $0.90 on Friday, reaching $66.89. 2,389,281 shares of the company traded hands, compared to its average volume of 2,888,091. The stock’s 50 day moving average price is $68.41 and its 200-day moving average price is $69.85. Eversource Energy has a 52-week low of $62.72 and a 52-week high of $76.57. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.87 and a beta of 0.67. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.64 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.7875 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. Eversource Energy’s dividend payout ratio is 81.61%.

Eversource Energy Profile

Eversource Energy (NYSE: ES) is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource’s electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.