Janney Montgomery Scott LLC Sells 15,827 Shares of Eversource Energy $ES

Janney Montgomery Scott LLC cut its stake in Eversource Energy (NYSE:ES) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,343 shares of the utilities provider’s stock after selling 15,827 shares during the period. Janney Montgomery Scott LLC’s holdings in Eversource Energy were worth $13,880,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in Eversource Energy by 1.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock valued at $999,000 after purchasing an additional 140 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Eversource Energy by 1.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after purchasing an additional 142 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Eversource Energy by 1.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 160 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Eversource Energy by 1.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock valued at $975,000 after buying an additional 162 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Eversource Energy by 4.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock valued at $259,000 after buying an additional 169 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ES shares. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. 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 research note on Tuesday, April 21st. Finally, Mizuho reduced their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.82.

Insider Activity

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy Trading Down 0.1%

NYSE ES opened at $72.22 on Thursday. The firm has a market cap of $27.16 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. The stock has a 50-day moving average of $69.26 and a 200-day moving average of $69.71. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates 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 for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were issued a $0.7875 dividend. The ex-dividend date was Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.4%. Eversource Energy’s dividend payout ratio (DPR) is currently 67.31%.

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.