Eversource Energy (NYSE:ES) VP Gregory Butler Sells 7,000 Shares

Eversource Energy (NYSE:ES) VP Gregory Butler sold 7,000 shares of the firm’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 directly owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eversource Energy Trading Up 1.0%

Shares of Eversource Energy stock traded up $0.68 during mid-day trading on Friday, hitting $70.56. The stock had a trading volume of 3,074,473 shares, compared to its average volume of 2,533,026. The firm has a market cap of $26.54 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 4.52 and a beta of 0.71. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average of $68.74 and a two-hundred day moving average of $69.28.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $1.50 earnings per share. Eversource Energy’s revenue 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. Sell-side analysts forecast that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 is Monday, May 18th. Eversource Energy’s dividend payout ratio is presently 67.31%.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Scotiabank lowered their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Argus upgraded Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. Bank of America reiterated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company increased their price target on shares of Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 8th. One equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.70.

Hedge Funds Weigh In On Eversource Energy

Several hedge funds have recently bought and sold shares of the stock. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy during the 4th quarter worth about $25,000. Activest Wealth Management grew its holdings in shares of Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares in the last quarter. TFC Financial Management Inc. raised 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 valued at $28,000 after buying an additional 400 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Eversource Energy during the fourth quarter worth approximately $28,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Eversource Energy in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

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.