Sound Income Strategies LLC Lowers Stock Holdings in Eversource Energy $ES

Sound Income Strategies LLC lowered its holdings in shares of Eversource Energy (NYSE:ES) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 260,581 shares of the utilities provider’s stock after selling 12,896 shares during the period. Sound Income Strategies LLC’s holdings in Eversource Energy were worth $18,269,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ES. Lodestone Wealth Management LLC purchased a new position in Eversource Energy during the fourth quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in Eversource Energy during the third quarter worth approximately $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Eversource Energy during the third quarter worth approximately $27,000. Johnson Financial Group Inc. boosted its position in Eversource Energy by 73.5% during the third quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 197 shares in the last quarter. Finally, BOKF NA boosted its position in Eversource Energy by 23,700.0% during the third quarter. BOKF NA now owns 476 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity

In related news, EVP John M. Moreira sold 7,800 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,381 shares of company stock worth $1,211,079 over the last quarter. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Performance

NYSE ES opened at $69.43 on Tuesday. The company has a market cap of $26.10 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 3.74 and a beta of 0.76. The stock’s 50 day simple moving average is $71.19 and its 200-day simple moving average is $70.28. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $76.41. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Mizuho lowered their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Argus upgraded Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Wells Fargo & Company decreased their target price on Eversource Energy from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. 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. Finally, Bank of America decreased their target price on Eversource Energy from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.90.

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.