Eversource Energy $ES Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its stake in Eversource Energy (NYSE:ES) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,037 shares of the utilities provider’s stock after selling 12,760 shares during the quarter. Brookstone Capital Management owned about 0.05% of Eversource Energy worth $13,064,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after purchasing an additional 1,319 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Eversource Energy by 40.8% during the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after buying an additional 8,984 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Eversource Energy by 115.1% in the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after buying an additional 801 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Eversource Energy by 87.9% in the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after buying an additional 27,332 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in shares of Eversource Energy during the second quarter valued at approximately $242,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES opened at $69.27 on Wednesday. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $76.41. The company’s 50 day simple moving average is $71.26 and its 200 day simple moving average is $70.13. The stock has a market capitalization of $26.04 billion, a PE ratio of 15.16, a P/E/G ratio of 3.67 and a beta of 0.76. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate 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 11.18%. Eversource Energy’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 5th were given a $0.7875 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio is 68.93%.

Insider Buying and Selling

In related 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 value of $441,420.00. Following the transaction, the insider owned 12,339 shares in the company, valued at approximately $907,780.23. This trade represents a 32.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $193,239.47. Following the sale, the insider directly owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 16,381 shares of company stock valued at $1,211,079. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on ES shares. JPMorgan Chase & Co. raised their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Mizuho cut their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. UBS Group reduced their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $72.30.

Eversource Energy 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.