Bradley Foster & Sargent Inc. CT Sells 15,629 Shares of Eversource Energy $ES

Bradley Foster & Sargent Inc. CT lowered its position in Eversource Energy (NYSE:ES) by 51.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,521 shares of the utilities provider’s stock after selling 15,629 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Eversource Energy were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Eversource Energy by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after purchasing an additional 1,161,708 shares during the period. State Street Corp increased its holdings in Eversource Energy by 1.7% in the 2nd quarter. State Street Corp now owns 27,343,038 shares of the utilities provider’s stock valued at $1,739,564,000 after buying an additional 465,822 shares during the period. Geode Capital Management LLC raised its stake in shares of Eversource Energy by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 9,273,415 shares of the utilities provider’s stock valued at $587,449,000 after buying an additional 211,962 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in shares of Eversource Energy by 6.5% during the 3rd quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock worth $526,919,000 after acquiring an additional 454,658 shares during the period. Finally, Norges Bank acquired a new stake in shares of Eversource Energy during the 2nd quarter valued at about $274,744,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the subject of several recent research reports. UBS Group dropped their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Mizuho upped their price objective on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Monday, November 24th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.90.

Insider Buying and Selling at Eversource Energy

In other news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Y. Kim sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 12,339 shares of the company’s stock, valued at $907,780.23. This trade represents a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 16,381 shares of company stock worth $1,211,079. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Up 0.1%

Shares of ES opened at $75.00 on Friday. The company has a market capitalization of $28.16 billion, a P/E ratio of 16.41, a PEG ratio of 3.24 and a beta of 0.77. Eversource Energy has a one year low of $52.28 and a one year high of $75.43. The business’s 50 day simple moving average is $69.56 and its 200-day simple moving average is $68.95. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, sell-side analysts predict that Eversource Energy will post 4.75 EPS 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 issued a dividend of $0.7875 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is currently 65.86%.

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.