Inceptionr LLC Has $264,000 Stock Position in Eversource Energy $ES

Inceptionr LLC lowered its position in Eversource Energy (NYSE:ES) by 78.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,718 shares of the utilities provider’s stock after selling 13,154 shares during the quarter. Inceptionr LLC’s holdings in Eversource Energy were worth $264,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. United Asset Strategies Inc. increased its holdings in Eversource Energy by 1.0% in the third quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock worth $945,000 after buying an additional 138 shares during the last quarter. Mystic Asset Management Inc. raised its position in Eversource Energy by 0.9% during the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after acquiring an additional 150 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Eversource Energy by 3.3% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 162 shares during the last quarter. Parallel Advisors LLC lifted its stake in Eversource Energy by 4.9% in the third quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock valued at $259,000 after acquiring an additional 169 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Eversource Energy by 0.8% in the third quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock worth $1,686,000 after acquiring an additional 186 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This represents a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 16,381 shares of company stock valued at $1,211,079. 0.41% of the stock is owned by insiders.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $73.11 on Friday. The firm has a fifty day simple moving average of $71.02 and a 200-day simple moving average of $69.55. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $76.41. The stock has a market capitalization of $27.45 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 3.20 and a beta of 0.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping 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%. Eversource Energy’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a $0.7875 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is 68.93%.

Analysts Set New Price Targets

Several research analysts have recently commented on ES shares. Scotiabank dropped their price target on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. BMO Capital Markets lifted 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, February 17th. Mizuho upped their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Finally, Bank of America restated a “buy” rating on shares of Eversource Energy in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.30.

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.