Bank of New York Mellon Corp Buys 170,887 Shares of Eversource Energy $ES

Bank of New York Mellon Corp grew its stake in Eversource Energy (NYSE:ES) by 6.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,004,763 shares of the utilities provider’s stock after buying an additional 170,887 shares during the period. Bank of New York Mellon Corp’s holdings in Eversource Energy were worth $208,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in shares of Eversource Energy by 10.4% in the first quarter. Sanctuary Advisors LLC now owns 118,262 shares of the utilities provider’s stock worth $8,193,000 after buying an additional 11,127 shares during the period. Sigma Planning Corp grew its stake in shares of Eversource Energy by 50.9% during the 1st quarter. Sigma Planning Corp now owns 6,149 shares of the utilities provider’s stock valued at $426,000 after acquiring an additional 2,074 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Eversource Energy by 23.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 4,487 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 841 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Eversource Energy by 28.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,864 shares of the utilities provider’s stock worth $822,000 after acquiring an additional 2,622 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in Eversource Energy in the 1st quarter worth approximately $759,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Wells Fargo & Company upped their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. UBS Group reduced their price objective on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. BMO Capital Markets restated a “market perform” rating on shares of Eversource Energy in a research report on Wednesday, July 1st. Finally, Mizuho lowered their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $71.91.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the business’s 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 transaction, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Eversource Energy Stock Performance

NYSE:ES opened at $74.66 on Friday. The stock has a 50-day moving average price of $70.72 and a 200 day moving average price of $70.28. The stock has a market capitalization of $28.08 billion, a P/E ratio of 15.95, a P/E/G ratio of 4.94 and a beta of 0.70. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62.

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

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were given a dividend of $0.7875 per share. The ex-dividend date was Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

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.