1834 Investment Advisors Co. Increases Holdings in Eversource Energy $ES

1834 Investment Advisors Co. raised its position in Eversource Energy (NYSE:ES) by 13.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 65,328 shares of the utilities provider’s stock after purchasing an additional 7,875 shares during the period. 1834 Investment Advisors Co.’s holdings in Eversource Energy were worth $4,399,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ES. Alps Advisors Inc. boosted its stake in shares of Eversource Energy by 5.4% during the third quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock valued at $27,521,000 after acquiring an additional 19,795 shares during the last quarter. Synergy Asset Management LLC grew its holdings in Eversource Energy by 287.7% in the third quarter. Synergy Asset Management LLC now owns 160,322 shares of the utilities provider’s stock valued at $10,783,000 after purchasing an additional 118,971 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Eversource Energy by 34.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 42,460 shares of the utilities provider’s stock worth $3,021,000 after buying an additional 10,775 shares during the last quarter. Legal & General Group Plc increased its stake in Eversource Energy by 1.3% during the third quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock worth $361,996,000 after acquiring an additional 63,466 shares during the last quarter. Finally, SteelPeak Wealth LLC acquired a new stake in Eversource Energy during the 3rd quarter worth approximately $868,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Eversource Energy news, 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 transaction of $576,420.00. Following the sale, the executive vice president directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the transaction, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,381 shares of company stock valued at $1,211,079. 0.18% of the stock is owned by corporate insiders.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $68.66 on Monday. The stock has a fifty day moving average price of $71.10 and a two-hundred day moving average price of $70.12. Eversource Energy has a 1 year low of $57.70 and a 1 year high of $76.41. The firm has a market cap of $25.80 billion, a P/E ratio of 15.02, a PEG ratio of 4.45 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. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous 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. Research analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 5th were issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 68.93%.

Analysts Set New Price Targets

Several research analysts have commented on ES shares. BMO Capital Markets cut their price objective on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. Argus raised shares of Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Mizuho reduced their price target on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned 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 has a consensus rating of “Hold” and a consensus target price of $71.80.

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.