Prudential PLC Increases Stock Holdings in Eversource Energy $ES

Prudential PLC lifted its position in Eversource Energy (NYSE:ES) by 16.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 165,065 shares of the utilities provider’s stock after purchasing an additional 23,244 shares during the period. Prudential PLC’s holdings in Eversource Energy were worth $11,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new position in shares of Eversource Energy in the fourth quarter worth approximately $25,000. Activest Wealth Management increased its position in shares of Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the last quarter. TFC Financial Management Inc. increased its position in shares of Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of Eversource Energy in the fourth quarter worth approximately $29,000. Finally, Key Capital Management INC bought a new position in shares of Eversource Energy in the fourth quarter worth approximately $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ES. Bank of America restated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Mizuho decreased their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. upped their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Finally, Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.70.

Insider Buying and Selling at Eversource Energy

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

Eversource Energy Stock Up 1.0%

Shares of NYSE ES opened at $70.56 on Friday. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The firm’s 50 day simple moving average is $68.81 and its two-hundred day simple moving average is $69.29. The stock has a market capitalization of $26.54 billion, a P/E ratio of 15.08, a PEG ratio of 4.63 and a beta of 0.71.

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

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

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.