Union Savings Bank Buys Shares of 12,496 Eversource Energy $ES

Union Savings Bank bought a new stake in shares of Eversource Energy (NYSE:ES) during the fourth quarter, HoldingsChannel.com reports. The fund bought 12,496 shares of the utilities provider’s stock, valued at approximately $841,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new stake in shares of Eversource Energy during the 4th quarter worth approximately $25,000. Activest Wealth Management boosted its holdings in Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 374 shares during the period. TFC Financial Management Inc. grew its position in Eversource Energy by 2,857.1% in the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Eversource Energy in the 4th quarter valued at $28,000. Finally, Key Capital Management INC purchased a new stake in Eversource Energy in the fourth quarter worth $29,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were 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 directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Eversource Energy Trading Down 0.1%

ES opened at $69.50 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The stock’s fifty day moving average is $68.81 and its two-hundred day moving average is $69.41. The company has a market capitalization of $26.14 billion, a P/E ratio of 14.85, a PEG ratio of 4.60 and a beta of 0.71. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.41.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the business earned $1.50 EPS. The business’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. Analysts forecast that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, May 18th. Eversource Energy’s payout ratio is presently 67.31%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ES shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. BMO Capital Markets reduced their price target on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Mizuho decreased their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Finally, Scotiabank lowered their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $71.70.

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.