Eversource Energy $ES Holdings Lessened by Vest Financial LLC

Vest Financial LLC lessened its stake in Eversource Energy (NYSE:ES) by 9.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 658,110 shares of the utilities provider’s stock after selling 68,595 shares during the quarter. Vest Financial LLC’s holdings in Eversource Energy were worth $42,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Axxcess Wealth Management LLC increased its holdings in Eversource Energy by 76.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 6,179 shares of the utilities provider’s stock valued at $396,000 after acquiring an additional 2,683 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Eversource Energy by 3.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 71,673 shares of the utilities provider’s stock valued at $4,599,000 after purchasing an additional 2,344 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Eversource Energy by 43.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,649,209 shares of the utilities provider’s stock valued at $105,813,000 after purchasing an additional 499,666 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Eversource Energy during the 3rd quarter valued at about $241,000. Finally, Revisor Wealth Management LLC grew its position in shares of Eversource Energy by 1.4% during the third quarter. Revisor Wealth Management LLC now owns 12,020 shares of the utilities provider’s stock valued at $792,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.2%

Shares of ES opened at $65.59 on Thursday. The company’s fifty day moving average is $68.05 and its 200 day moving average is $69.76. Eversource Energy has a fifty-two week low of $62.72 and a fifty-two week high of $76.57. The stock has a market capitalization of $24.70 billion, a PE ratio of 16.99, a P/E/G ratio of 2.85 and a beta of 0.67. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Eversource Energy’s revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts expect that Eversource Energy will post 4.63 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a $0.7875 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.8%. Eversource Energy’s payout ratio is 81.61%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ES. Mizuho raised their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. BMO Capital Markets decreased their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings raised Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Citigroup reissued a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a research note on Monday, July 27th. Finally, Wells Fargo & Company raised their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.20.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.