8,660 Shares in Eversource Energy $ES Bought by Cresset Asset Management LLC

Cresset Asset Management LLC acquired a new position in shares of Eversource Energy (NYSE:ES) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,660 shares of the utilities provider’s stock, valued at approximately $616,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new stake in shares of Eversource Energy during the second quarter worth about $26,000. Root Financial Partners LLC purchased a new position in Eversource Energy in the 3rd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Eversource Energy in the 3rd quarter valued at about $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Eversource Energy in the 2nd quarter worth about $31,000. Finally, Anchor Investment Management LLC boosted its holdings in Eversource Energy by 122.0% in the 2nd quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock worth $35,000 after buying an additional 300 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 0.5%

ES stock opened at $73.99 on Thursday. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.18 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. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41. The firm has a 50-day moving average of $70.91 and a two-hundred day moving average of $69.53.

Eversource Energy (NYSE:ES) last issued its earnings results 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. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, 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. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.3%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s dividend payout ratio is presently 68.93%.

Insiders Place Their Bets

In other news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction 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 transaction, the insider owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the transaction, the insider directly owned 79,364 shares in the company, valued at approximately $5,941,982.68. The trade was a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 16,381 shares of company stock valued at $1,211,079. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

ES has been the subject of a number of research analyst reports. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $71.00 to $78.00 in a report on Tuesday, February 17th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Monday, November 24th. UBS Group reduced their price objective on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Bank of America restated a “buy” rating on shares of Eversource Energy in a report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $73.90.

About Eversource Energy

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.