Assetmark Inc. Purchases 8,945 Shares of Eversource Energy $ES

Assetmark Inc. boosted its position in Eversource Energy (NYSE:ES) by 9.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,097 shares of the utilities provider’s stock after buying an additional 8,945 shares during the period. Assetmark Inc.’s holdings in Eversource Energy were worth $7,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Eversource Energy in the fourth quarter worth approximately $1,158,000. F m Investments LLC purchased a new position in shares of Eversource Energy in the 4th quarter worth about $4,854,000. SG Americas Securities LLC grew its position in shares of Eversource Energy by 15,804.4% during the 4th quarter. SG Americas Securities LLC now owns 264,808 shares of the utilities provider’s stock valued at $17,830,000 after acquiring an additional 263,143 shares during the period. John G Ullman & Associates Inc. increased its position in Eversource Energy by 19.6% in the fourth quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock worth $13,116,000 after buying an additional 31,875 shares during the last quarter. Finally, Forsta AP Fonden increased its holdings in Eversource Energy by 118.5% in the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock worth $16,422,000 after acquiring an additional 132,300 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Down 1.5%

Shares of NYSE:ES opened at $72.95 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market capitalization of $27.44 billion, a P/E ratio of 15.59, a P/E/G ratio of 4.90 and a beta of 0.70. The stock has a 50 day moving average price of $70.94 and a 200-day moving average price of $70.39. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm earned $1.50 EPS. The company’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. As a group, equities research analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s dividend payout ratio is currently 67.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ES shares. Scotiabank lowered their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. UBS Group cut their price target 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. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday, July 1st. Finally, Bank of America reissued a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.91.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.