Eversource Energy $ES Stock: Howard Capital Management LLC Grows Stake

Key Points

• Howard Capital Management increased its Eversource Energy stake by 240.3% in the third quarter, ending with 92,451 shares valued at approximately $5.9 million. Institutional investors collectively own nearly 80% of the company.
• Eversource shares recently rose 1.4% to $66.89, while the company reported quarterly EPS of $0.87, matching analyst expectations, and revenue of $2.90 billion, up 2.3% year over year but below estimates.
• Eversource pays an annualized dividend of $3.15 per share, yielding about 4.7%. Analysts maintain a consensus “Hold” rating with an average price target of $72.64.

Howard Capital Management LLC lifted its stake in Eversource Energy (NYSE:ES - Free Report) by 240.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,451 shares of the utilities provider's stock after acquiring an additional 65,280 shares during the period. Howard Capital Management LLC's holdings in Eversource Energy were worth $5,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Man Group plc bought a new position in Eversource Energy during the 2nd quarter valued at $57,166,000. Integrated Wealth Concepts LLC increased its position in shares of Eversource Energy by 55.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 55,071 shares of the utilities provider's stock valued at $3,980,000 after purchasing an additional 19,628 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Eversource Energy by 13.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider's stock worth $25,468,000 after buying an additional 40,993 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Eversource Energy in the 1st quarter worth $2,587,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Eversource Energy in the 2nd quarter worth $8,176,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Trading Up 1.4%

Shares of NYSE ES traded up $0.90 during mid-day trading on Friday, hitting $66.89. 2,389,281 shares of the company traded hands, compared to its average volume of 2,888,091. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. Eversource Energy has a 1 year low of $62.72 and a 1 year high of $76.57. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.87 and a beta of 0.67. The business has a 50 day moving average of $68.41 and a two-hundred day moving average of $69.85.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting analysts' consensus estimates of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. Eversource Energy's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on ES. Weiss Ratings upgraded Eversource Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Mizuho lifted their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. BMO Capital Markets dropped their price target on shares of Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $72.64.

Eversource Energy Profile

Eversource Energy NYSE: ES is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource's electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.

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