Oppenheimer & Co. Inc. Makes New Investment in Eversource Energy $ES

Oppenheimer & Co. Inc. acquired a new stake in Eversource Energy (NYSE:ES) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,296 shares of the utilities provider’s stock, valued at approximately $519,000.

Several other hedge funds have also made changes to their positions in ES. Root Financial Partners LLC acquired a new position in Eversource Energy in the 3rd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Eversource Energy in the third quarter valued at approximately $27,000. Neo Ivy Capital Management purchased a new stake in shares of Eversource Energy during the second quarter worth approximately $26,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Eversource Energy during the second quarter worth $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Eversource Energy during the third quarter worth $36,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Mizuho upped their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday. BMO Capital Markets increased their price target on shares of Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a report on Tuesday. UBS Group reduced their price objective 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. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $71.00 to $78.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.90.

Eversource Energy Trading Down 0.5%

Shares of ES opened at $73.00 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. The firm’s 50-day moving average is $68.68 and its two-hundred day moving average is $68.58. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $75.25. The firm has a market capitalization of $27.39 billion, a P/E ratio of 15.97, a PEG ratio of 3.16 and a beta of 0.77.

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

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. The ex-dividend date is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is presently 65.86%.

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.