Aberdeen Group plc Has $56.81 Million Position in Eversource Energy $ES

Aberdeen Group plc increased its holdings in shares of Eversource Energy (NYSE:ESFree Report) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 805,530 shares of the utilities provider’s stock after purchasing an additional 42,649 shares during the period. Aberdeen Group plc owned approximately 0.22% of Eversource Energy worth $56,814,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ES. United Asset Strategies Inc. increased its holdings in shares of Eversource Energy by 1.0% during the third quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after acquiring an additional 138 shares in the last quarter. Mystic Asset Management Inc. grew its holdings 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 worth $1,177,000 after buying an additional 150 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Eversource Energy by 3.3% in the 3rd 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 buying an additional 162 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in Eversource Energy by 2.9% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 6,179 shares of the utilities provider’s stock worth $393,000 after acquiring an additional 176 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC increased its stake in Eversource Energy by 4.2% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 4,711 shares of the utilities provider’s stock valued at $335,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ES. BMO Capital Markets cut their price objective on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating on the stock in a research report on Thursday, November 6th. Scotiabank dropped their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Thursday, November 20th. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. UBS Group lowered their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company cut Eversource Energy from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $79.00 to $63.00 in a report on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $71.50.

Read Our Latest Stock Analysis on ES

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Eversource Energy Stock Performance

NYSE ES opened at $73.37 on Monday. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $75.25. The company has a fifty day moving average of $68.45 and a 200-day moving average of $68.48. The company has a market capitalization of $27.53 billion, a P/E ratio of 16.05, a P/E/G ratio of 3.16 and a beta of 0.77. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.64 and a current ratio of 0.71.

Eversource Energy (NYSE:ESGet Free Report) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be given a $0.7875 dividend. The ex-dividend date is Thursday, March 5th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a yield of 4.3%. Eversource Energy’s dividend payout ratio is presently 65.86%.

Eversource Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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