Eversource Energy $ES Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Eversource Energy (NYSE:ES) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 854,300 shares of the utilities provider’s stock after acquiring an additional 36,596 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Eversource Energy were worth $58,144,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ES. Empowered Funds LLC lifted its stake in Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after acquiring an additional 1,319 shares in the last quarter. Woodline Partners LP lifted its stake in Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after acquiring an additional 8,984 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Eversource Energy by 115.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 801 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Eversource Energy by 87.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after acquiring an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in Eversource Energy by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 349 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Trending Headlines about Eversource Energy

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: Wells Fargo raised its price target on Eversource Energy to $75 from $74 and kept an overweight rating, signaling continued upside potential after the company’s recent results. Benzinga
• Positive Sentiment: Eversource reported first-quarter earnings of $1.73 per share, topping expectations, while revenue also beat estimates, which supports the case for improved near-term fundamentals. Zacks
• Positive Sentiment: The company also raised its 2026-2030 capital plan by $2.3 billion, indicating more investment in its regulated utility base and growth projects. Zacks
• Neutral Sentiment: Eversource announced a quarterly dividend of $0.7875 per share, supporting its appeal to income-focused investors, with a yield of about 4.7%.
• Negative Sentiment: Management cut its annual profit forecast due to lower rates, which raises concern that earnings growth may be more limited than previously expected. Reuters
• Negative Sentiment: Articles highlighting that the stock has lagged the broader market and that analysts remain cautious suggest investor sentiment is still mixed despite the earnings beat. Barchart

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ES. JPMorgan Chase & Co. increased their price target on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Mizuho reduced their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Wells Fargo & Company increased their price target on Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday. Finally, BMO Capital Markets reduced their price target on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus price target of $71.90.

Eversource Energy Trading Down 0.9%

ES opened at $66.44 on Friday. Eversource Energy has a one year low of $60.62 and a one year high of $76.41. The company has a market cap of $24.97 billion, a P/E ratio of 14.20, a PEG ratio of 4.44 and a beta of 0.74. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. The business’s 50-day simple moving average is $70.42 and its 200-day simple moving average is $69.97.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a return on equity of 11.70% and a net margin of 12.55%.The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts expect that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be issued a $0.7875 dividend. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. Eversource Energy’s dividend payout ratio is presently 67.31%.

Insider Activity

In other news, EVP John M. Moreira sold 7,800 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at approximately $3,197,579.10. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Y. Kim sold 6,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider owned 12,339 shares in the company, valued at approximately $907,780.23. The trade was a 32.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 16,381 shares of company stock worth $1,211,079. 0.18% of the stock is currently owned by insiders.

Eversource Energy Company Profile

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.