ZWJ Investment Counsel Inc. Buys 9,096 Shares of Eversource Energy $ES

ZWJ Investment Counsel Inc. increased its stake in shares of Eversource Energy (NYSE:ES) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,877 shares of the utilities provider’s stock after purchasing an additional 9,096 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Eversource Energy were worth $10,514,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ES. Man Group plc bought a new stake in shares of Eversource Energy in the 2nd quarter valued at about $57,166,000. Integrated Wealth Concepts LLC raised its position in shares of Eversource Energy by 55.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 55,071 shares of the utilities provider’s stock valued at $3,980,000 after acquiring an additional 19,628 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Eversource Energy by 13.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider’s stock valued at $25,468,000 after acquiring an additional 40,993 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Eversource Energy in the 1st quarter valued at approximately $2,587,000. Finally, Public Employees Retirement System of Ohio bought a new position in Eversource Energy during the 2nd quarter worth approximately $8,176,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Up 1.3%

NYSE:ES opened at $66.64 on Thursday. Eversource Energy has a 1 year low of $62.72 and a 1 year high of $76.57. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.86 and a beta of 0.67. The stock has a 50-day moving average price of $68.64 and a two-hundred day moving average price of $69.88.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts expect that Eversource Energy will post 4.64 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.7875 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.15 annualized dividend and a dividend yield of 4.7%. Eversource Energy’s payout ratio is currently 81.61%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ES shares. Citigroup restated a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research note on Wednesday, July 1st. Wells Fargo & Company increased their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Finally, BMO Capital Markets reduced their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource’s electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.