Mondrian Investment Partners LTD Takes $1.92 Million Position in Eversource Energy $ES

Mondrian Investment Partners LTD acquired a new position in Eversource Energy (NYSE:ES) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 26,973 shares of the utilities provider’s stock, valued at approximately $1,919,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Eversource Energy in the third quarter worth approximately $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Eversource Energy during the 3rd quarter valued at $27,000. Neo Ivy Capital Management bought a new stake in shares of Eversource Energy during the 2nd quarter worth $26,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Eversource Energy in the 2nd quarter worth $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Eversource Energy in the 3rd quarter worth $36,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Up 4.3%

NYSE:ES opened at $73.37 on Tuesday. The stock has a market cap of $27.53 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 3.16 and a beta of 0.77. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $75.25. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. The stock’s 50-day moving average is $68.58 and its two-hundred day moving average is $68.53.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio is presently 65.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ES shares. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $73.00 to $85.00 in a report on Tuesday, October 21st. Scotiabank reduced their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. Wells Fargo & Company cut shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $79.00 to $63.00 in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, UBS Group reduced their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Eversource Energy has a consensus rating of “Reduce” and a consensus target price of $71.50.

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.