Eversource Energy $ES Stock Sold by Vest Financial LLC

Vest Financial LLC reduced its stake in Eversource Energy (NYSE:ES) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 658,110 shares of the utilities provider’s stock after selling 68,595 shares during the quarter. Vest Financial LLC owned approximately 0.17% of Eversource Energy worth $42,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CX Institutional grew its holdings in Eversource Energy by 4.3% during the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 144 shares during the period. Bank & Trust Co raised its stake in shares of Eversource Energy by 2.0% in the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock worth $539,000 after buying an additional 149 shares during the period. Kintegral Advisory LLC lifted its position in shares of Eversource Energy by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 27,019 shares of the utilities provider’s stock valued at $1,734,000 after buying an additional 152 shares in the last quarter. Retirement Planning Co of New England Inc. lifted its position in shares of Eversource Energy by 3.1% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,131 shares of the utilities provider’s stock valued at $329,000 after buying an additional 154 shares in the last quarter. Finally, GoalVest Advisory LLC lifted its position in shares of Eversource Energy by 12.0% during the 3rd quarter. GoalVest Advisory LLC now owns 1,509 shares of the utilities provider’s stock valued at $97,000 after buying an additional 162 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 0.2%

Shares of ES stock opened at $65.59 on Thursday. Eversource Energy has a 52-week low of $62.72 and a 52-week high of $76.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a market capitalization of $24.70 billion, a PE ratio of 16.99, a PEG ratio of 2.85 and a beta of 0.67. The stock has a fifty day simple moving average of $68.05 and a two-hundred day simple moving average of $69.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm earned $0.96 earnings per share. The business’s quarterly revenue 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, analysts predict that Eversource Energy will post 4.63 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, September 21st. Eversource Energy’s dividend payout ratio (DPR) is 81.61%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ES shares. BMO Capital Markets cut their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of 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 shares of Eversource Energy in a report on Wednesday, July 1st. Citigroup reaffirmed a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. Finally, Mizuho upped their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.20.

About Eversource Energy

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.