Creative Financial Designs Inc. ADV Acquires 10,165 Shares of Eversource Energy $ES

Creative Financial Designs Inc. ADV increased its holdings in Eversource Energy (NYSE:ES) by 2,586.5% in the third quarter, Holdings Channel.com reports. The firm owned 10,558 shares of the utilities provider’s stock after acquiring an additional 10,165 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Eversource Energy were worth $751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new stake in Eversource Energy in the second quarter worth $26,000. Root Financial Partners LLC purchased a new position in shares of Eversource Energy in the third quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Eversource Energy in the 3rd quarter valued at about $27,000. Elevation Point Wealth Partners LLC purchased a new stake in Eversource Energy during the 2nd quarter valued at about $31,000. Finally, Anchor Investment Management LLC boosted its holdings in 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 period. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

NYSE:ES opened at $76.19 on Monday. The stock has a market cap of $28.61 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 3.29 and a beta of 0.76. The firm’s fifty day simple moving average is $69.75 and its 200 day simple moving average is $69.06. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, research analysts predict that Eversource Energy will post 4.75 EPS for the current 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 issued a dividend of $0.7875 per share. This is a positive change 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 4.1%. Eversource Energy’s dividend payout ratio (DPR) is currently 65.86%.

Analysts Set New Price Targets

A number of equities analysts have commented on ES shares. Scotiabank decreased their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. BMO Capital Markets lifted their target price on shares of Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Mizuho increased their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. cut their price target on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $73.90.

Insider Transactions at Eversource Energy

In related news, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the sale, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John M. Moreira sold 7,800 shares of the stock in a transaction 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 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,381 shares of company stock valued at $1,211,079. Corporate insiders own 0.19% of the company’s stock.

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.