Brick & Kyle Associates Invests $7.07 Million in Eversource Energy $ES

Brick & Kyle Associates purchased a new position in Eversource Energy (NYSE:ES) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 99,342 shares of the utilities provider’s stock, valued at approximately $7,067,000. Eversource Energy accounts for about 2.6% of Brick & Kyle Associates’ investment portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of ES. Empowered Funds LLC lifted its position in shares of Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after buying an additional 1,319 shares during the last quarter. Woodline Partners LP boosted its stake in Eversource Energy by 40.8% during the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 801 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after buying an additional 27,332 shares during the last quarter. Finally, Prospera Financial Services Inc raised its position in Eversource Energy by 15.5% during the second quarter. Prospera Financial Services Inc now owns 4,401 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 589 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP John M. Moreira sold 7,800 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. This represents a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,381 shares of company stock worth $1,211,079. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ES shares. Bank of America reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, March 2nd. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Scotiabank reduced their price target on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. UBS Group decreased their price objective on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.30.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $73.05 on Friday. The firm has a market cap of $27.43 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 3.16 and a beta of 0.76. The firm has a fifty day moving average price of $71.12 and a 200 day moving average price of $69.66. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $76.41. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, sell-side 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. Stockholders of record on Thursday, March 5th will be issued a $0.7875 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. Eversource Energy’s payout ratio is presently 68.93%.

Eversource Energy 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.