Eversource Energy $ES Shares Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lifted its stake in shares of Eversource Energy (NYSE:ES) by 7,822.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,477 shares of the utilities provider’s stock after purchasing an additional 8,370 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Eversource Energy were worth $571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ES. Lodestone Wealth Management LLC purchased a new stake in shares of Eversource Energy in the 4th quarter worth about $25,000. Root Financial Partners LLC purchased a new position in shares of Eversource Energy during the 3rd quarter worth about $26,000. Activest Wealth Management lifted its holdings in shares of Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 374 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eversource Energy during the 3rd quarter worth about $27,000. Finally, TFC Financial Management Inc. increased its position in Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 2.3%

Shares of Eversource Energy stock opened at $67.26 on Friday. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 4.45 and a beta of 0.74. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The stock has a 50-day simple moving average of $69.54 and a 200-day simple moving average of $69.75.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts expect that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ES. Argus raised shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. UBS Group cut their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Bank of America reissued a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, Scotiabank lowered their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average target price of $71.70.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the transaction, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. The trade was a 32.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’s 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 sale, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 16,381 shares of company stock valued at $1,211,079. Corporate insiders own 0.18% of the company’s stock.

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.