Eversource Energy $ES Stock: Howard Capital Management LLC Raises Position

Howard Capital Management LLC boosted its holdings in shares of Eversource Energy (NYSE:ES) by 240.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 92,451 shares of the utilities provider’s stock after buying an additional 65,280 shares during the period. Howard Capital Management LLC’s holdings in Eversource Energy were worth $5,932,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ES. Elevation Wealth Partners LLC increased its stake in Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after buying an additional 240 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Eversource Energy during the 2nd quarter valued at $26,000. First Bancorp Inc ME acquired a new stake in shares of Eversource Energy during the 2nd quarter valued at $30,000. MV Capital Management Inc. acquired a new stake in shares of Eversource Energy during the 4th quarter valued at $36,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Eversource Energy during the 2nd quarter valued at $36,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ES has been the topic of a number of research reports. Citigroup reaffirmed a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a research note on Monday, July 27th. Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Wells Fargo & Company lifted their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. BMO Capital Markets lowered their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Mizuho boosted their target price on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.64.

Eversource Energy Stock Up 1.4%

ES stock traded up $0.90 during trading hours on Friday, hitting $66.89. The company’s stock had a trading volume of 2,389,281 shares, compared to its average volume of 2,888,091. The stock has a 50 day moving average price of $68.41 and a two-hundred day moving average price of $69.85. Eversource Energy has a 12 month low of $62.72 and a 12 month high of $76.57. The company has a market capitalization of $25.20 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.87 and a beta of 0.67. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES) last released its quarterly 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 for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm earned $0.96 EPS. Eversource Energy’s revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts expect that Eversource Energy will post 4.64 earnings per share for the current year.

Eversource Energy Dividend Announcement

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