Bradley Foster & Sargent Inc. CT Sells 15,629 Shares of Eversource Energy $ES

Bradley Foster & Sargent Inc. CT trimmed its position in Eversource Energy (NYSE:ES) by 51.8% in the third quarter, Holdings Channel.com reports. The firm owned 14,521 shares of the utilities provider’s stock after selling 15,629 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Eversource Energy were worth $1,033,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Neo Ivy Capital Management acquired a new stake in shares of Eversource Energy during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in Eversource Energy in the third quarter valued at approximately $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eversource Energy in the third quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Eversource Energy during the 2nd quarter worth $31,000. Finally, Anchor Investment Management LLC raised its position in shares of Eversource Energy by 122.0% during the 2nd quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 300 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John M. Moreira sold 7,800 shares of Eversource Energy 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the sale, the insider owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,381 shares of company stock valued at $1,211,079. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

ES has been the topic of several recent research reports. BMO Capital Markets raised their price target on Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Mizuho increased their target price on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Monday, November 24th. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $71.00 to $78.00 in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.90.

Eversource Energy Trading Up 0.1%

NYSE ES opened at $75.00 on Friday. Eversource Energy has a one year low of $52.28 and a one year high of $75.43. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market cap of $28.16 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.24 and a beta of 0.77. The stock’s 50-day moving average is $69.56 and its 200-day moving average is $68.95.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company posted $1.01 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 annualized dividend and a yield of 4.2%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 65.86%.

Eversource Energy Company 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.