Elevated Capital Advisors LLC Makes New $713,000 Investment in Eversource Energy $ES

Elevated Capital Advisors LLC bought a new position in shares of Eversource Energy (NYSE:ES) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,292 shares of the utilities provider’s stock, valued at approximately $713,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new stake in shares of Eversource Energy in the 4th quarter valued at about $25,000. Activest Wealth Management grew its stake in Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares during the last quarter. TFC Financial Management Inc. increased 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 during the period. Garton & Associates Financial Advisors LLC acquired a new position in Eversource Energy during the fourth quarter worth approximately $28,000. Finally, Key Capital Management INC acquired a new position in Eversource Energy during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ES. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. UBS Group cut their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Mizuho decreased their price target on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $71.91.

Eversource Energy Stock Performance

NYSE ES opened at $74.83 on Friday. The firm has a market cap of $28.14 billion, a P/E ratio of 15.99, a P/E/G ratio of 4.89 and a beta of 0.70. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The business’s 50-day moving average price is $70.09 and its 200 day moving average price is $70.01. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the business 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. On average, equities research analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

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

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the 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 completion of the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

Eversource Energy 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.