Bryant Woods Investment Advisors LLC Acquires New Position in Eversource Energy $ES

Bryant Woods Investment Advisors LLC acquired a new stake in Eversource Energy (NYSE:ES) in the first quarter, HoldingsChannel.com reports. The fund acquired 8,360 shares of the utilities provider’s stock, valued at approximately $579,000.

A number of other institutional investors have also bought and sold shares of ES. Lodestone Wealth Management LLC purchased a new stake in shares of Eversource Energy in the fourth quarter valued at approximately $25,000. Activest Wealth Management increased its holdings in shares of Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 374 shares during the last quarter. TFC Financial Management Inc. lifted its position in Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after buying an additional 400 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Eversource Energy during the fourth quarter worth approximately $28,000. Finally, Key Capital Management INC purchased a new position in Eversource Energy during the fourth quarter worth approximately $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Eversource Energy 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 transaction of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Eversource Energy Trading Down 0.2%

Shares of ES stock opened at $74.30 on Friday. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. The firm has a market cap of $27.94 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 4.92 and a beta of 0.70. The company has a 50-day moving average of $69.55 and a two-hundred day moving average of $69.79. 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 (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the firm earned $1.50 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were given a $0.7875 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. Eversource Energy’s payout ratio is presently 67.31%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BMO Capital Markets restated a “market perform” rating on shares of Eversource Energy in a report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Wells Fargo & Company upped their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America reiterated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Finally, UBS Group cut their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, six 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 currently has an average rating of “Hold” and a consensus target price of $71.91.

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.