Hilton Head Capital Partners LLC Invests $954,000 in Eversource Energy $ES

by · The Markets Daily

Hilton Head Capital Partners LLC bought a new position in shares of Eversource Energy (NYSE:ES – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 14,167 shares of the utilities provider’s stock, valued at approximately $954,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ES. Lodestone Wealth Management LLC bought a new position in Eversource Energy during the 4th quarter worth about $25,000. Activest Wealth Management grew its holdings 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 acquiring an additional 374 shares in the last quarter. TFC Financial Management Inc. grew its holdings in Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 400 shares in the last quarter. Key Capital Management INC bought a new position in Eversource Energy during the 4th quarter worth about $29,000. Finally, Godfrey Financial Associates Inc. bought a new position in Eversource Energy during the 4th quarter worth about $29,000. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ES shares. Bank of America reiterated a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. UBS Group dropped 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. BMO Capital Markets dropped their target price on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $71.70.

Read Our Latest Stock Analysis on ES

Eversource Energy Stock Performance

ES stock opened at $70.56 on Monday. The firm has a market cap of $26.54 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 4.68 and a beta of 0.71. The firm has a 50-day simple moving average of $68.81 and a two-hundred day simple moving average of $69.26. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts forecast that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

About Eversource Energy

(Free Report)

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.

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