Legal & General Group Plc Sells 12,585 Shares of Eversource Energy $ES

Legal & General Group Plc decreased its stake in shares of Eversource Energy (NYSE:ES) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,075,915 shares of the utilities provider’s stock after selling 12,585 shares during the period. Legal & General Group Plc owned 1.35% of Eversource Energy worth $341,761,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ES. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Eversource Energy by 1.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after buying an additional 142 shares in the last quarter. Mystic Asset Management Inc. raised its position in shares of Eversource Energy by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after buying an additional 150 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Eversource Energy by 1.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after buying an additional 160 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Eversource Energy by 4.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock valued at $259,000 after buying an additional 169 shares in the last quarter. Finally, Exencial Wealth Advisors LLC raised its position in shares of Eversource Energy by 5.7% in the 4th quarter. Exencial Wealth Advisors LLC now owns 3,458 shares of the utilities provider’s stock valued at $233,000 after buying an additional 185 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES stock opened at $69.83 on Wednesday. The company has a 50 day simple moving average of $68.93 and a 200 day simple moving average of $69.49. The stock has a market cap of $26.26 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 4.64 and a beta of 0.74. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59.

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

Eversource Energy Dividend Announcement

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 dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, May 18th. Eversource Energy’s dividend payout ratio is currently 67.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ES shares. Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. BMO Capital Markets dropped their target price on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Wells Fargo & Company boosted their target price on shares of Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the stock 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 issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and an average price target of $71.70.

Eversource Energy 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.