Entropy Technologies LP Reduces Stock Position in Eversource Energy $ES

Entropy Technologies LP cut its holdings in shares of Eversource Energy (NYSE:ES) by 37.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,246 shares of the utilities provider’s stock after selling 24,405 shares during the quarter. Entropy Technologies LP’s holdings in Eversource Energy were worth $2,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ES. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy during the 4th quarter worth approximately $25,000. Activest Wealth Management increased its holdings in shares of Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 374 shares during the last quarter. TFC Financial Management Inc. increased its holdings in shares of Eversource Energy by 2,857.1% in 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 last quarter. Key Capital Management INC bought a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the business’s 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 transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Wells Fargo & Company boosted their price target on Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. BMO Capital Markets lowered their price target on Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a report on Monday, May 11th. Finally, Bank of America reiterated a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $71.70.

Eversource Energy Trading Up 0.0%

NYSE:ES opened at $68.70 on Monday. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The firm has a market capitalization of $25.84 billion, a P/E ratio of 14.68, a P/E/G ratio of 4.54 and a beta of 0.72. 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 business has a 50 day simple moving average of $68.83 and a 200 day simple moving average of $69.33.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. Eversource Energy’s payout ratio is currently 67.31%.

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.