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 Price Performance

Eversource Energy stock opened at $62.50 on Friday. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The firm has a 50-day moving average price of $57.89 and a 200-day moving average price of $62.68. The firm has a market capitalization of $22.90 billion, a PE ratio of -39.81, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62.

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

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.82%. Eversource Energy’s dividend payout ratio (DPR) is currently -182.17%.

Hedge Funds Weigh In On Eversource Energy

Institutional investors have recently bought and sold shares of the business. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy during the 4th quarter valued at approximately $26,000. Brooklyn Investment Group purchased a new position in Eversource Energy in the third quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Eversource Energy in the third quarter worth about $32,000. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter valued at about $29,000. Finally, Assetmark Inc. increased its stake in shares of Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ES has been the topic of several research reports. Jefferies Financial Group cut their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday. StockNews.com downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Wells Fargo & Company reduced their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Barclays dropped their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.00.

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.