Eversource Energy (ES) To Go Ex-Dividend on May 18th

Eversource Energy (NYSE:ES) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, May 18th will be given a dividend of 0.7875 per share by the utilities provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, May 18th.

Eversource Energy has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Eversource Energy has a dividend payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eversource Energy to earn $4.99 per share next year, which means the company should continue to be able to cover its $3.15 annual dividend with an expected future payout ratio of 63.1%.

Eversource Energy Trading Down 2.4%

Shares of ES stock opened at $66.88 on Friday. The firm has a 50-day moving average price of $70.42 and a 200 day moving average price of $69.97. Eversource Energy has a twelve month low of $60.62 and a twelve month high of $76.41. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 4.49 and a beta of 0.74. 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 announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.70%. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts forecast that Eversource Energy will post 4.7 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the transaction, the executive vice president owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This represents a 3.15% 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 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Eversource Energy

A number of institutional investors have recently modified their holdings of ES. Empowered Funds LLC grew its holdings in shares of Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares during the period. Woodline Partners LP grew its holdings in shares of Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after purchasing an additional 8,984 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Eversource Energy by 115.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 801 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of Eversource Energy by 87.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after purchasing an additional 27,332 shares during the period. Finally, Brown Advisory Inc. grew its holdings in shares of Eversource Energy by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

About Eversource Energy

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.