Insider Selling: Eversource Energy (NYSE:ES) VP Sells $489,160.00 in Stock

Eversource Energy (NYSE:ES) VP Gregory Butler sold 7,000 shares of Eversource Energy stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Eversource Energy Trading Down 0.1%

Shares of NYSE ES opened at $70.56 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $68.81 and a two-hundred day simple moving average of $69.26. The firm has a market cap of $26.54 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 4.68 and a beta of 0.71. Eversource Energy has a twelve month low of $61.53 and a twelve month high of $76.41.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates 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%.Eversource Energy’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts expect that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.5%. Eversource Energy’s payout ratio is 67.31%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America reissued a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Argus raised Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Mizuho reduced their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, UBS Group reduced their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $71.70.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ES. Alps Advisors Inc. grew its stake in Eversource Energy by 5.4% during 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 during the last quarter. Aventail Capital Group LP grew its stake in Eversource Energy by 134.6% during the 3rd quarter. Aventail Capital Group LP now owns 1,366,121 shares of the utilities provider’s stock valued at $97,186,000 after purchasing an additional 783,768 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Eversource Energy by 87.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,060,902 shares of the utilities provider’s stock valued at $75,461,000 after purchasing an additional 494,158 shares during the last quarter. Caprock Group LLC purchased a new stake in Eversource Energy during the 3rd quarter valued at about $1,511,000. Finally, Legal & General Group Plc grew its stake in Eversource Energy by 1.3% during the 3rd quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock valued at $361,996,000 after purchasing an additional 63,466 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

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.