36,552 Shares in Eversource Energy $ES Purchased by Royal Fund Management LLC

Key Points

• Royal Fund Management purchased 36,552 shares of Eversource Energy in the third quarter, valued at approximately $2.35 million. Institutional investors collectively own 79.99% of the utility company.
• Analyst sentiment remains mixed, with four Buy, six Hold, and three Sell ratings. The stock has an average rating of Hold and an average price target of $72.91.
• Eversource shares recently traded at $67.47, down 0.5%, while the company maintains a quarterly dividend of $0.7875, equivalent to a 4.7% annualized yield.

Royal Fund Management LLC purchased a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 36,552 shares of the utilities provider's stock, valued at approximately $2,345,000.

Several other large investors also recently added to or reduced their stakes in ES. BlackRock Inc. bought a new position in Eversource Energy in the 2nd quarter worth $3,086,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Eversource Energy by 1.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,620,413 shares of the utilities provider's stock valued at $478,457,000 after purchasing an additional 88,163 shares during the last quarter. Legal & General Group Plc acquired a new position in Eversource Energy during the 2nd quarter valued at $359,215,000. Deutsche Bank AG acquired a new stake in Eversource Energy in the 2nd quarter worth $311,548,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Eversource Energy during the second quarter valued at about $272,105,000. 79.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ES has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Eversource Energy from $73.00 to $68.00 and set an "underweight" rating for the company in a research note on Monday, October 19th. Mizuho increased their price target on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a report on Wednesday, July 1st. Weiss Ratings raised shares of Eversource Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 31st. Finally, HSBC initiated coverage on Eversource Energy in a research report on Thursday. They issued a "hold" rating and a $70.00 price objective for the company. Four investment 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, the stock presently has an average rating of "Hold" and an average target price of $72.91.

Eversource Energy Stock Down 0.5%

ES traded down $0.37 during trading on Friday, reaching $67.47. 2,839,891 shares of the stock were exchanged, compared to its average volume of 2,870,720. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The stock's 50 day moving average price is $67.86 and its two-hundred day moving average price is $69.74. The stock has a market cap of $25.42 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.67. Eversource Energy has a twelve month low of $62.72 and a twelve month high of $76.57.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. Eversource Energy's revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities analysts expect that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a $0.7875 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.15 annualized dividend and a yield of 4.7%. Eversource Energy's dividend payout ratio is presently 81.61%.

Eversource Energy Profile

Eversource Energy NYSE: ES is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.

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