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Jay S. Buth, Vice President, Controller, and Chief Accounting Officer at Eversource Energy (NYSE:ES), recently reported a sale of company stock valued at approximately $61,735. The transaction, which took place on February 21, 2025, involved the sale of 980 common shares at an average price of $62.995 per share. The utility company, currently valued at $23.1 billion, has shown strong momentum with a 10.3% return year-to-date according to InvestingPro data.
In addition to the sale, Buth also disposed of shares held in a 401k plan. This involved 529 shares at a price of $63.37 per share, totaling $33,522. Following these transactions, Buth directly owns 24,374 shares, which include deferred shares, restricted share units, and dividend equivalents. Shares held in the 401k plan are no longer in Buth’s possession, according to information supplied by the plan’s record keeper. The company maintains a strong dividend track record, having raised dividends for 26 consecutive years, with a current yield of 4.75%. InvestingPro analysis reveals 8 additional key insights about Eversource Energy’s financial health and market position.
In other recent news, Eversource Energy reported its fourth-quarter 2024 earnings, with earnings per share (EPS) of $1.01, surpassing the consensus estimate of $0.99. Despite this, Scotiabank (TSX:BNS) downgraded Eversource Energy to ’Sector Underperform’ and reduced its price target from $66.00 to $56.00, citing concerns over regulatory challenges in Connecticut and a strained credit profile. Mizuho (NYSE:MFG) Securities, on the other hand, raised its price target for Eversource Energy to $68, maintaining an ’Outperform’ rating, reflecting confidence in the company’s regulatory stability and stock strength. Additionally, Eversource Energy has been added to the S&P 500 Dividend Aristocrats index, highlighting its long-term commitment to dividend growth. In a strategic move, Eversource acquired a 26-acre site in Everett, Massachusetts, from Constellation Energy (NASDAQ:CEG) to support clean energy initiatives and grid reliability. The company plans to collaborate with local and state officials to develop the site as a multi-use energy interconnection hub. This acquisition aligns with Eversource’s broader commitment to a clean energy future, as recognized by its recent accolades. These developments indicate a mix of optimism and caution from analysts, with varying perspectives on Eversource Energy’s future performance.
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