Focus Partners Advisor Solutions LLC Takes Position in Eversource Energy $ES

Focus Partners Advisor Solutions LLC bought a new position in shares of Eversource Energy (NYSE:ES) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 13,922 shares of the utilities provider’s stock, valued at approximately $1,004,000.

Several other institutional investors have also modified their holdings of ES. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Eversource Energy by 7.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock valued at $26,673,000 after purchasing an additional 30,641 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Eversource Energy by 5.4% in the 3rd quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock valued at $27,521,000 after purchasing an additional 19,795 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Eversource Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock valued at $2,904,422,000 after buying an additional 691,165 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Eversource Energy by 31.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock valued at $2,506,000 after buying an additional 9,350 shares during the last quarter. Finally, Synergy Asset Management LLC grew its position in shares of Eversource Energy by 287.7% during the third quarter. Synergy Asset Management LLC now owns 160,322 shares of the utilities provider’s stock worth $10,783,000 after buying an additional 118,971 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In related news, insider Cotton M. Cleveland sold 2,581 shares of Eversource Energy stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. The trade was 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 through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. The trade was a 15.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 16,381 shares of company stock valued at $1,211,079. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a report on Friday, December 12th. UBS Group dropped their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Mizuho upped their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $71.00 to $78.00 in a research report on Tuesday, February 17th. Three investment 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, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $74.58 on Friday. The firm’s 50 day moving average is $70.52 and its two-hundred day moving average is $69.33. The firm has a market capitalization of $28.00 billion, a P/E ratio of 16.32, a PEG ratio of 3.20 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $76.41.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s 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. Analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. 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 yield of 4.2%. 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.