Eversource Energy $ES Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in Eversource Energy (NYSE:ES) by 43.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,640 shares of the utilities provider’s stock after purchasing an additional 12,688 shares during the period. Sequoia Financial Advisors LLC’s holdings in Eversource Energy were worth $3,009,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Eversource Energy by 1.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after purchasing an additional 140 shares in the last quarter. CX Institutional lifted its stake in Eversource Energy by 4.3% in the 2nd quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after buying an additional 144 shares in the last quarter. Bank & Trust Co lifted its stake in Eversource Energy by 2.0% in the 2nd quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after buying an additional 149 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in 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 buying an additional 160 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in 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 during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ES. Capital One Financial set a $73.00 price target on Eversource Energy in a research report on Wednesday, July 1st. Weiss Ratings raised Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Mizuho increased their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, BMO Capital Markets cut their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.92.

Eversource Energy Stock Down 0.6%

Shares of NYSE ES opened at $68.59 on Friday. Eversource Energy has a 1 year low of $62.89 and a 1 year high of $76.57. The firm’s 50 day moving average price is $72.47 and its 200 day moving average price is $71.00. The firm has a market cap of $25.84 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.69. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. Eversource Energy’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.7875 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy’s payout ratio is currently 81.61%.

Eversource Energy Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.