Eversource Energy $ES Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Eversource Energy (NYSE:ES) by 43.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,640 shares of the utilities provider’s stock after acquiring an additional 12,688 shares during the period. Sequoia Financial Advisors LLC’s holdings in Eversource Energy were worth $3,009,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ES. Elevation Wealth Partners LLC grew its holdings in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 240 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Eversource Energy during the second quarter worth approximately $26,000. First Bancorp Inc ME purchased a new position in Eversource Energy during the second quarter worth approximately $30,000. Garton & Associates Financial Advisors LLC purchased a new position in Eversource Energy during the fourth quarter worth approximately $28,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Eversource Energy in the 4th quarter valued at $29,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.6%

Shares of ES stock opened at $68.59 on Friday. 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 has a fifty-two week low of $62.89 and a fifty-two week high of $76.57. The firm’s 50 day moving average price is $72.47 and its two-hundred day moving average price is $71.00. The stock has a market cap of $25.84 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.69.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The business’s quarterly revenue 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. On average, analysts anticipate that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, September 21st. Eversource Energy’s dividend payout ratio is 81.61%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ES. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. 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 research report on Thursday, July 2nd. Mizuho lifted their target price on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Citigroup reissued a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Finally, Capital One Financial set a $73.00 price target on Eversource Energy in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average target price of $72.92.

Eversource Energy Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.