NewEdge Wealth LLC Makes New $504,000 Investment in Eversource Energy $ES

NewEdge Wealth LLC purchased a new position in shares of Eversource Energy (NYSE:ES) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,485 shares of the utilities provider’s stock, valued at approximately $504,000.

Other institutional investors also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new position in Eversource Energy during the 4th quarter worth $25,000. Root Financial Partners LLC acquired a new position in Eversource Energy during the 3rd quarter worth $26,000. Activest Wealth Management boosted its position 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 during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Eversource Energy during the 3rd quarter worth $27,000. Finally, TFC Financial Management Inc. boosted its position 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 worth $28,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ES. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Argus raised Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. 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. JPMorgan Chase & Co. boosted their price objective on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Finally, Scotiabank dropped their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.70.

Eversource Energy Stock Down 2.3%

ES opened at $67.26 on Friday. The stock’s fifty day moving average is $69.54 and its 200-day moving average is $69.75. The company has a market capitalization of $25.29 billion, a PE ratio of 14.37, a P/E/G ratio of 4.45 and a beta of 0.74. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a one year low of $61.53 and a one year high of $76.41.

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

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. Eversource Energy’s payout ratio is 67.31%.

Insider Transactions at Eversource Energy

In other news, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Y. Kim sold 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the sale, the insider directly owned 12,339 shares in the company, valued at $907,780.23. This trade represents a 32.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,381 shares of company stock valued at $1,211,079 over the last three months. 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.