Eversource Energy (NYSE:ES) Insider Sells $441,420.00 in Stock

Eversource Energy (NYSE:ES) insider John Kim sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the sale, the insider directly owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. This trade represents a 32.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Eversource Energy Price Performance

Shares of NYSE ES traded down $0.08 during trading hours on Friday, hitting $73.59. 4,759,635 shares of the stock were exchanged, compared to its average volume of 2,684,694. The company’s fifty day simple moving average is $68.89 and its two-hundred day simple moving average is $68.64. The company has a market cap of $27.63 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 3.08 and a beta of 0.77. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.64 and a current ratio of 0.65. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, sell-side 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. Investors of record on Thursday, March 5th will be paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.3%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s payout ratio is 65.86%.

Wall Street Analyst Weigh In

ES has been the subject of several research reports. BMO Capital Markets increased their price objective on shares of Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a research note on Tuesday. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Monday, November 24th. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $71.00 to $78.00 in a report on Tuesday. JPMorgan Chase & Co. reduced their price target on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Finally, UBS Group dropped their price objective on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.90.

Hedge Funds Weigh In On Eversource Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Eversource Energy during the 4th quarter worth about $324,032,000. Northwestern Mutual Wealth Management Co. grew its stake in Eversource Energy by 23,707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after purchasing an additional 4,630,216 shares during the period. Victory Capital Management Inc. increased its holdings in Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after purchasing an additional 3,645,555 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Eversource Energy by 43,905.7% in the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock worth $171,309,000 after purchasing an additional 2,686,588 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Eversource Energy by 78.1% in the fourth quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after buying an additional 2,341,912 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

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.