HighTower Advisors LLC Increases Stake in Eversource Energy $ES

HighTower Advisors LLC raised its stake in shares of Eversource Energy (NYSE:ES) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,693 shares of the utilities provider’s stock after buying an additional 31,398 shares during the quarter. HighTower Advisors LLC’s holdings in Eversource Energy were worth $21,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy during the 4th quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new stake in Eversource Energy during the 3rd quarter valued at approximately $26,000. Activest Wealth Management grew its holdings in Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after buying an additional 374 shares in the last quarter. TFC Financial Management Inc. grew its holdings 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 valued at $28,000 after buying an additional 400 shares in the last quarter. Finally, Key Capital Management INC purchased a new stake in Eversource Energy during the 4th quarter valued at approximately $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eversource Energy

In related news, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ES shares. Scotiabank cut 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 report on Tuesday, April 21st. Wells Fargo & Company increased their price objective 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. BMO Capital Markets cut their target price on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a report on Monday, May 11th. JPMorgan Chase & Co. raised their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Finally, Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.70.

Eversource Energy Stock Up 0.6%

Shares of ES opened at $70.02 on Friday. The company has a market cap of $26.33 billion, a PE ratio of 14.96, a P/E/G ratio of 4.64 and a beta of 0.74. The business has a fifty day moving average of $69.05 and a 200 day moving average of $69.58. Eversource Energy has a 52-week low of $61.53 and a 52-week 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.

Eversource Energy (NYSE:ES) last issued its quarterly 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 during the quarter, compared to the consensus estimate 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 was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a $0.7875 dividend. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) 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.