Entropy Technologies LP Takes Position in Eversource Energy $ES

Entropy Technologies LP acquired a new position in Eversource Energy (NYSE:ES) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 65,651 shares of the utilities provider’s stock, valued at approximately $4,670,000.

Other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in Eversource Energy in the second quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new stake in Eversource Energy in the 3rd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Eversource Energy in the 3rd quarter valued at $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Eversource Energy during the second quarter worth about $31,000. Finally, Johnson Financial Group Inc. increased its holdings in shares of Eversource Energy by 73.5% during the 3rd quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock worth $33,000 after buying an additional 197 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the transaction, the insider owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at approximately $3,197,579.10. This represents a 15.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 16,381 shares of company stock valued at $1,211,079. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America reissued a “buy” rating on shares of Eversource Energy in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Scotiabank cut their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. Finally, Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $74.30.

Eversource Energy Stock Down 1.1%

ES stock opened at $73.11 on Friday. The company’s 50-day moving average price is $71.02 and its 200 day moving average price is $69.55. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The company has a market cap of $27.45 billion, a P/E ratio of 16.00, a P/E/G ratio of 3.20 and a beta of 0.76. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $76.41.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. 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 EPS. The company’s revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given 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 of this dividend 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 is currently 68.93%.

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.