Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Eversource Energy NYSE: ES. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Eversource Energy stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
Eversource Energy Stock Performance
ES traded up $0.13 during trading on Tuesday, reaching $62.38. 293,515 shares of the company's stock were exchanged, compared to its average volume of 2,940,976. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The business has a 50 day moving average price of $59.42 and a 200 day moving average price of $59.85. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The company has a market capitalization of $22.92 billion, a P/E ratio of 27.00, a PEG ratio of 2.35 and a beta of 0.61.
Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The company's quarterly revenue was up 23.6% on a year-over-year basis. As a group, analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.
Eversource Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be given a $0.7525 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.83%. Eversource Energy's dividend payout ratio is currently 129.74%.
Insider Activity at Eversource Energy
In other news, VP Jay S. Buth sold 980 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now owns 24,374 shares of the company's stock, valued at $1,535,318.26. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the transaction, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This trade represents a 12.00% decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Jefferies Financial Group reduced their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. BMO Capital Markets raised their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research report on Monday, April 28th. Barclays dropped their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Finally, Scotiabank decreased their price target on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.78.
Check Out Our Latest Analysis on Eversource Energy
Hedge Funds Weigh In On Eversource Energy
Several large investors have recently bought and sold shares of the business. Mizuho Bank Ltd. bought a new position in shares of Eversource Energy in the 4th quarter worth $26,000. Kestra Investment Management LLC acquired a new position in Eversource Energy in the fourth quarter valued at about $29,000. Assetmark Inc. boosted its holdings in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares during the last quarter. Pinney & Scofield Inc. acquired a new position in shares of Eversource Energy during the 4th quarter worth about $33,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 301 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Eversource Energy
(
Get Free Report)
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.
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