Eversource Energy $ES Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in shares of Eversource Energy (NYSE:ES) by 3.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 268,855 shares of the utilities provider’s stock after buying an additional 9,870 shares during the period. Cetera Investment Advisers owned about 0.07% of Eversource Energy worth $18,626,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Eversource Energy during the fourth quarter worth $324,032,000. Northwestern Mutual Wealth Management Co. lifted its stake in Eversource Energy by 23,707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock valued at $313,067,000 after buying an additional 4,630,216 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after buying an additional 3,645,555 shares during the period. Deutsche Bank AG boosted its holdings in shares of Eversource Energy by 78.1% in the fourth quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock worth $359,676,000 after buying an additional 2,341,912 shares during the period. Finally, Cohen & Steers Inc. purchased a new position in shares of Eversource Energy in the fourth quarter worth approximately $104,848,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.3%

Shares of NYSE:ES opened at $74.67 on Tuesday. The firm has a fifty day moving average of $71.47 and a two-hundred day moving average of $70.59. The firm has a market capitalization of $28.08 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 4.95 and a beta of 0.70. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the business posted $1.50 earnings per share. Eversource Energy’s revenue for the quarter was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts expect that Eversource Energy will post 4.66 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were issued a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, May 18th. Eversource Energy’s payout ratio is currently 67.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ES. Citigroup restated a “neutral” rating and set a $81.00 price target on shares of Eversource Energy in a report on Monday. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Scotiabank cut their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company increased their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.58.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

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.