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Eversource Energy $ES Stock Sold by Boston Trust Walden Corp

Eversource Energy logo with Utilities background
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Key Points

  • Boston Trust Walden cut its Eversource Energy stake by 11.6% in the third quarter, selling 69,029 shares and ending the period with 525,704 shares valued at about $33.7 million.
  • Analysts’ average rating was Hold, with an average price target of $72.91. Eversource reported quarterly EPS of $0.92, while revenue of $2.98 billion missed expectations and fell 7.5% year over year.
  • Eversource declared a quarterly dividend of $0.7875 per share, equivalent to $3.15 annually and a 4.4% yield. The article also noted the company raised its 2026 earnings outlook.
  • MarketBeat previews the top five stocks to own by December 1st.

Boston Trust Walden Corp lowered its position in shares of Eversource Energy (NYSE:ES - Free Report) by 11.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 525,704 shares of the utilities provider's stock after selling 69,029 shares during the period. Boston Trust Walden Corp owned about 0.14% of Eversource Energy worth $33,729,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CX Institutional lifted its holdings in shares of Eversource Energy by 4.3% in the 2nd quarter. CX Institutional now owns 3,513 shares of the utilities provider's stock valued at $254,000 after buying an additional 144 shares during the period. Bank & Trust Co boosted its stake in shares of Eversource Energy by 2.0% during the 2nd quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider's stock worth $539,000 after purchasing an additional 149 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Eversource Energy by 1.3% in the third quarter. Oppenheimer & Co. Inc. now owns 11,498 shares of the utilities provider's stock valued at $738,000 after purchasing an additional 151 shares during the period. Kintegral Advisory LLC raised its stake in Eversource Energy by 0.6% during the third quarter. Kintegral Advisory LLC now owns 27,019 shares of the utilities provider's stock worth $1,734,000 after purchasing an additional 152 shares during the period. Finally, Retirement Planning Co of New England Inc. lifted its stake in shares of Eversource Energy by 3.1% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,131 shares of the utilities provider's stock valued at $329,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ES shares. HSBC assumed coverage on Eversource Energy in a research report on Thursday, October 22nd. They set a "hold" rating and a $70.00 target price on the stock. BMO Capital Markets cut their target price on shares of Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Citigroup began coverage on shares of Eversource Energy in a report on Monday, July 27th. They set a "hold" rating and a $81.00 price target for the company. Mizuho increased their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Finally, 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. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $72.91.

Check Out Our Latest Report on Eversource Energy

Trending Headlines about Eversource Energy

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Eversource Energy Trading Up 2.2%

NYSE ES opened at $71.98 on Friday. The firm's 50 day moving average price is $67.37 and its two-hundred day moving average price is $70.03. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a twelve month low of $62.72 and a twelve month high of $76.57. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 3.07 and a beta of 0.66.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The utilities provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $3.20 billion. Eversource Energy had a net margin of 10.38% and a return on equity of 10.68%. The firm's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. Equities analysts anticipate that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.7875 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.4%. Eversource Energy's payout ratio is currently 81.61%.

Eversource Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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