Sound Income Strategies LLC Has $17.65 Million Stock Position in Eversource Energy $ES

Sound Income Strategies LLC lowered its holdings in shares of Eversource Energy (NYSE:ES) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,389 shares of the utilities provider’s stock after selling 7,192 shares during the quarter. Sound Income Strategies LLC owned about 0.07% of Eversource Energy worth $17,649,000 as of its most recent filing with the Securities and Exchange Commission.

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

Eversource Energy Price Performance

Shares of NYSE:ES opened at $74.30 on Friday. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 4.78 and a beta of 0.70. The business has a 50 day moving average price of $69.41 and a 200 day moving average price of $69.76. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. Eversource Energy has a twelve month low of $61.53 and a twelve month high of $76.41.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS 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 company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the business posted $1.50 EPS. The company’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 predict that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, May 18th. Eversource Energy’s dividend payout ratio is presently 67.31%.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction on 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ES shares. Bank of America reissued a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. UBS Group lowered their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. JPMorgan Chase & Co. lifted their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. Three equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.91.

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.