Eversource Energy $ES Holdings Lifted by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lifted its stake in shares of Eversource Energy (NYSE:ES) by 5.9% in the 3rd quarter, Holdings Channel reports. The fund owned 163,877 shares of the utilities provider’s stock after acquiring an additional 9,096 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Eversource Energy were worth $10,514,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Eversource Energy during the second quarter worth $3,086,413,000. Legal & General Group Plc bought a new stake in Eversource Energy in the 2nd quarter valued at $359,215,000. Deutsche Bank AG bought a new stake in Eversource Energy in the 2nd quarter valued at $311,548,000. Hsbc Holdings PLC acquired a new position in Eversource Energy in the 2nd quarter worth $272,105,000. Finally, Magellan Asset Management Ltd acquired a new position in Eversource Energy in the 2nd quarter worth $248,397,000. Institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

ES has been the subject of a number of research reports. Wells Fargo & Company increased their target price on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Weiss Ratings raised Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Capital One Financial set a $73.00 price target on Eversource Energy in a report on Wednesday, July 1st. Mizuho upped their price objective on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, BMO Capital Markets reduced their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Stock Performance

Shares of ES opened at $66.64 on Thursday. Eversource Energy has a 12 month low of $62.72 and a 12 month high of $76.57. The firm has a fifty day simple moving average of $68.64 and a 200 day simple moving average of $69.88. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.86 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts forecast that Eversource Energy will post 4.64 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, September 21st. Eversource Energy’s dividend payout ratio is currently 81.61%.

About Eversource Energy

Eversource Energy (NYSE: ES) is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource’s electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.