First Trust Advisors LP Lowers Stake in Eversource Energy $ES

First Trust Advisors LP reduced its stake in shares of Eversource Energy (NYSE:ES) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,066,717 shares of the utilities provider’s stock after selling 7,442 shares during the period. First Trust Advisors LP owned approximately 0.55% of Eversource Energy worth $147,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Neo Ivy Capital Management bought a new position in Eversource Energy in the second quarter valued at $26,000. Root Financial Partners LLC purchased a new stake in Eversource Energy during the third quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Eversource Energy during the third quarter worth about $27,000. Elevation Point Wealth Partners LLC bought a new stake in Eversource Energy during the second quarter worth about $31,000. Finally, Anchor Investment Management LLC boosted its holdings in shares of Eversource Energy by 122.0% in the 2nd quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 300 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ES has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research report on Friday, December 12th. Scotiabank dropped their target price on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Thursday, November 20th. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Monday, November 24th. Mizuho increased their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Stock Up 1.0%

Shares of NYSE:ES opened at $74.58 on Monday. The stock’s 50-day moving average price is $70.52 and its 200-day moving average price is $69.39. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $76.41. The stock has a market capitalization of $28.00 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 3.22 and a beta of 0.76. 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 released its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion during 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%.Eversource Energy’s revenue for the quarter was up 13.4% on a year-over-year basis. 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. On average, equities analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid 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 is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. Eversource Energy’s payout ratio is presently 68.93%.

Insider Buying and Selling at Eversource Energy

In other news, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction that occurred 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 owned 79,364 shares in the company, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $441,420.00. Following the completion of the transaction, the insider directly owned 12,339 shares in the company, valued at approximately $907,780.23. The trade was a 32.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 16,381 shares of company stock worth $1,211,079. 0.19% of the stock is currently owned by insiders.

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.