John Kim Sells 6,000 Shares of Eversource Energy (NYSE:ES) Stock
by Teresa Graham · The Cerbat GemEversource Energy (NYSE:ES – Get Free Report) insider John Kim sold 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the transaction, the insider owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Eversource Energy Stock Down 0.1%
ES traded down $0.08 during midday trading on Friday, hitting $73.59. The company had a trading volume of 4,759,635 shares, compared to its average volume of 2,684,694. The stock’s 50 day moving average price is $68.89 and its 200 day moving average price is $68.64. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25. The company has a market capitalization of $27.63 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 3.08 and a beta of 0.77. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 1.66.
Eversource Energy (NYSE:ES – Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.
Eversource Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is presently 65.86%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ES. Root Financial Partners LLC purchased a new position in Eversource Energy in the third quarter valued at approximately $26,000. Lodestone Wealth Management LLC bought a new stake in shares of Eversource Energy in the fourth quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Eversource Energy in the third quarter valued at $27,000. Activest Wealth Management lifted its position in shares of 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 during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Eversource Energy during the 2nd quarter worth $26,000. 79.99% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on ES shares. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $71.00 to $78.00 in a research report on Tuesday. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Scotiabank cut their target price on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. Finally, Mizuho upped their price target on Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and an average target price of $73.90.
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.