Farther Finance Advisors LLC Increases Stock Holdings in Eversource Energy $ES

Farther Finance Advisors LLC lifted its stake in shares of Eversource Energy (NYSE:ES) by 86.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,916 shares of the utilities provider’s stock after buying an additional 7,856 shares during the period. Farther Finance Advisors LLC’s holdings in Eversource Energy were worth $1,139,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Eversource Energy during the third quarter valued at approximately $26,000. Lodestone Wealth Management LLC purchased a new position in shares of Eversource Energy during the fourth quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eversource Energy during the third quarter valued at approximately $27,000. TFC Financial Management Inc. boosted its position in shares of Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after buying an additional 400 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its position in shares of Eversource Energy by 73.5% during the third quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock valued at $33,000 after buying an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ES. Mizuho dropped their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. BMO Capital Markets dropped their price target on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, March 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $71.90.

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $66.88 on Wednesday. The business’s fifty day simple moving average is $71.29 and its 200 day simple moving average is $70.22. The firm has a market capitalization of $25.14 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 3.74 and a beta of 0.76. Eversource Energy has a 12 month low of $56.92 and a 12 month high of $76.41. 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 (NYSE:ES) last issued its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates 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 was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, analysts anticipate that Eversource Energy will post 4.8 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th were paid a $0.7875 dividend. The ex-dividend date was Thursday, March 5th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.7%. Eversource Energy’s dividend payout ratio is presently 68.93%.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider John Y. Kim sold 6,000 shares of the business’s 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 sale, the insider directly owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,381 shares of company stock worth $1,211,079 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

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.