Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $622,000 in Eversource Energy $ES

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Eversource Energy (NYSE:ES) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,242 shares of the utilities provider’s stock, valued at approximately $622,000.

A number of other hedge funds have also recently modified their holdings of ES. Root Financial Partners LLC purchased a new stake in Eversource Energy in the third quarter valued at $26,000. Lodestone Wealth Management LLC acquired a new position in Eversource Energy in the fourth quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eversource Energy during the third quarter worth about $27,000. Johnson Financial Group Inc. increased 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 worth $33,000 after purchasing an additional 197 shares in the last quarter. Finally, BOKF NA increased its position in shares of Eversource Energy by 23,700.0% during the third quarter. BOKF NA now owns 476 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 474 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

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 value of $576,420.00. Following the transaction, the executive vice president directly owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Y. Kim sold 6,000 shares of the company’s 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 transaction, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. The trade was a 32.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,381 shares of company stock valued at $1,211,079 over the last three months. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Price Performance

Shares of ES opened at $69.46 on Friday. 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 has a fifty-two week low of $52.28 and a fifty-two week high of $76.41. The firm has a 50-day simple moving average of $71.21 and a 200-day simple moving average of $70.20. The company has a market capitalization of $26.10 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 3.74 and a beta of 0.76.

Eversource Energy (NYSE:ES) last issued its quarterly 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. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities research 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 was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th were paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is currently 68.93%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho decreased their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. BMO Capital Markets cut their price target 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. Bank of America reduced their price objective on Eversource Energy from $82.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, March 27th. UBS Group decreased their price objective on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.90.

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.