Brookstone Capital Management Cuts Stake in Eversource Energy $ES

Brookstone Capital Management cut its holdings in shares of Eversource Energy (NYSE:ES) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 181,759 shares of the utilities provider’s stock after selling 12,278 shares during the period. Brookstone Capital Management’s holdings in Eversource Energy were worth $12,592,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ES. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy in the fourth quarter valued at about $25,000. Activest Wealth Management grew its stake in shares of Eversource Energy by 2,337.5% during the fourth 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 last quarter. TFC Financial Management Inc. increased its holdings in shares of Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 400 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $28,000. Finally, Key Capital Management INC acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insiders Place Their Bets

In other news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was 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 $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Eversource Energy Stock Up 0.6%

ES stock opened at $69.97 on Tuesday. The firm’s fifty day simple moving average is $68.80 and its 200-day simple moving average is $69.45. The company has a market capitalization of $26.32 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 4.60 and a beta of 0.72. 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 12 month low of $61.53 and a 12 month high of $76.41.

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

Eversource Energy Announces Dividend

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 issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, May 18th. Eversource Energy’s payout ratio is presently 67.31%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ES shares. JPMorgan Chase & Co. boosted their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. BMO Capital Markets decreased their price target on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a report on Monday, May 11th. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Scotiabank cut their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, April 21st. Finally, Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.70.

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.