7,455 Shares in Eversource Energy $ES Bought by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated purchased a new stake in shares of Eversource Energy (NYSE:ES) during the 4th quarter, HoldingsChannel reports. The firm purchased 7,455 shares of the utilities provider’s stock, valued at approximately $504,000.

A number of other large investors have also modified their holdings of ES. Root Financial Partners LLC purchased a new stake in shares of Eversource Energy during the 3rd quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eversource Energy in the 3rd quarter valued at about $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Eversource Energy in the 2nd quarter valued at about $31,000. Johnson Financial Group Inc. raised its holdings in Eversource Energy by 73.5% in the 3rd quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 197 shares during the period. Finally, BOKF NA raised its holdings in Eversource Energy by 23,700.0% in the 3rd quarter. BOKF NA now owns 476 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 474 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Mizuho reduced their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. BMO Capital Markets decreased their target price on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. Bank of America dropped their price target on shares of Eversource Energy from $82.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Finally, Argus raised shares of Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.90.

Insider Activity at Eversource Energy

In other Eversource Energy 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 transaction, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the transaction, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. The trade was a 15.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,381 shares of company stock valued at $1,211,079. 0.41% of the stock is owned by insiders.

Eversource Energy Trading Down 0.3%

Shares of Eversource Energy stock opened at $69.46 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $76.41. The firm has a market capitalization of $26.10 billion, a PE ratio of 15.20, a P/E/G ratio of 3.74 and a beta of 0.76. The firm’s 50-day moving average price is $71.21 and its 200 day moving average price is $70.12.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data 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 return on equity of 11.18% and a net margin of 12.49%.The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the business earned $1.01 EPS. Eversource Energy’s quarterly 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, sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 5th were given a dividend of $0.7875 per share. The ex-dividend date was Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) is presently 68.93%.

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.