Creative Financial Designs Inc. ADV Grows Stock Position in Eversource Energy $ES

Creative Financial Designs Inc. ADV grew its position in shares of Eversource Energy (NYSE:ES) by 2,586.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,558 shares of the utilities provider’s stock after buying an additional 10,165 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Eversource Energy were worth $751,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Eversource Energy during the third quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Eversource Energy in the third quarter valued at approximately $27,000. Neo Ivy Capital Management purchased a new stake in shares of Eversource Energy during the 2nd quarter valued at approximately $26,000. Elevation Point Wealth Partners LLC bought a new position in Eversource Energy in the 2nd quarter worth approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Eversource Energy in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

ES has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Monday, November 24th. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $71.00 to $78.00 in a research report on Tuesday, February 17th. Scotiabank lowered 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 report on Thursday, November 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Stock Performance

Shares of ES opened at $76.19 on Monday. The company has a market cap of $28.61 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 3.29 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average price of $69.75 and a 200-day moving average price of $69.06. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $76.41.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the business earned $1.01 earnings per share. Eversource Energy’s revenue for the quarter was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities analysts forecast that Eversource Energy will post 4.75 earnings per share 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. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 65.86%.

Insider Buying and Selling

In other Eversource Energy news, insider Cotton M. Cleveland sold 2,581 shares of Eversource Energy stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares of the company’s stock, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John M. Moreira sold 7,800 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 16,381 shares of company stock worth $1,211,079. Corporate insiders own 0.19% 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.