Bleakley Financial Group LLC Takes Position in Eversource Energy $ES

Bleakley Financial Group LLC acquired a new position in Eversource Energy (NYSE:ES) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,949 shares of the utilities provider’s stock, valued at approximately $759,000.

A number of other hedge funds have also recently made changes to their positions in ES. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy in the fourth quarter valued at approximately $25,000. Activest Wealth Management lifted its stake in 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 holdings in Eversource Energy by 2,857.1% during 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 period. Garton & Associates Financial Advisors LLC purchased a new position in Eversource Energy during the 4th quarter valued at about $28,000. Finally, Key Capital Management INC acquired a new position in Eversource Energy in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

Eversource Energy stock opened at $74.66 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. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.41. The firm has a market capitalization of $28.08 billion, a PE ratio of 15.95, a P/E/G ratio of 4.96 and a beta of 0.70. The firm’s 50-day simple moving average is $70.72 and its 200 day simple moving average is $70.28.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.14. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts predict that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

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

Analysts Set New Price Targets

ES has been the topic of several research reports. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Bank of America reaffirmed a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a research note on Wednesday, April 22nd. UBS Group decreased their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Mizuho dropped their price target on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Eversource Energy in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average target price of $71.91.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

About Eversource Energy

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.