Rep. Julie Johnson Purchases Shares of Eversource Energy (NYSE:ES)

Representative Julie Johnson (D-Texas) recently bought shares of Eversource Energy NYSE: ES. In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Eversource Energy stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
• Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.

Eversource Energy Stock Performance

Shares of Eversource Energy stock traded down $0.18 on Tuesday, hitting $61.36. 4,230,206 shares of the company's stock were exchanged, compared to its average volume of 3,151,668. The company has a 50-day simple moving average of $57.97 and a 200-day simple moving average of $62.59. The stock has a market capitalization of $22.48 billion, a PE ratio of -39.08, a PEG ratio of 2.25 and a beta of 0.62. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. As a group, equities analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Tuesday, March 4th. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio (DPR) is currently -182.17%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ES shares. Jefferies Financial Group lowered their target price on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Scotiabank reduced 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 report on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Eversource Energy has an average rating of "Hold" and an average price target of $67.45.

Institutional Investors Weigh In On Eversource Energy

Several hedge funds have recently modified their holdings of the business. CWM LLC lifted its position in Eversource Energy by 24.1% during the third quarter. CWM LLC now owns 37,181 shares of the utilities provider's stock valued at $2,530,000 after acquiring an additional 7,215 shares during the last quarter. UMB Bank n.a. boosted its holdings in Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after buying an additional 198 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Eversource Energy during the third quarter worth $114,000. Redhawk Wealth Advisors Inc. purchased a new stake in Eversource Energy during the third quarter worth $228,000. Finally, ORG Wealth Partners LLC purchased a new position in Eversource Energy during the third quarter valued at $100,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Eversource Energy

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.