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

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 transaction, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eversource Energy Stock Up 1.0%

Eversource Energy stock opened at $70.56 on Friday. 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 52-week low of $61.53 and a 52-week high of $76.41. The firm has a 50 day moving average price of $68.81 and a two-hundred day moving average price of $69.29. The firm has a market cap of $26.54 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 4.68 and a beta of 0.71.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) 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 firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business earned $1.50 EPS. The company’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. Equities analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

Institutional Trading of Eversource Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of ES. Lodestone Wealth Management LLC bought a new stake in shares of Eversource Energy in the 4th quarter worth $25,000. Activest Wealth Management grew its stake 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 worth $26,000 after acquiring an additional 374 shares in the last quarter. TFC Financial Management Inc. grew its stake 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 worth $28,000 after acquiring an additional 400 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Eversource Energy in the 4th quarter worth $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Eversource Energy in the 4th quarter worth $29,000. Institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

ES has been the subject of several analyst reports. Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. BMO Capital Markets lowered their price objective on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Bank of America reiterated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Finally, Scotiabank lowered their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Eversource Energy has an average rating of “Hold” and a consensus price target of $71.70.

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.