Eversource Energy $ES Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Eversource Energy (NYSE:ES) by 4.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,059,033 shares of the utilities provider’s stock after selling 52,100 shares during the quarter. Swiss National Bank owned 0.28% of Eversource Energy worth $75,340,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Eversource Energy by 7.9% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock valued at $26,673,000 after acquiring an additional 30,641 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Eversource Energy by 5.4% during the third quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock worth $27,521,000 after purchasing an additional 19,795 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Eversource Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock worth $2,904,422,000 after purchasing an additional 691,165 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Eversource Energy by 31.1% during the second quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock worth $2,506,000 after purchasing an additional 9,350 shares in the last quarter. Finally, Synergy Asset Management LLC lifted its holdings in shares of Eversource Energy by 287.7% in the 3rd quarter. Synergy Asset Management LLC now owns 160,322 shares of the utilities provider’s stock valued at $10,783,000 after purchasing an additional 118,971 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Eversource Energy news, insider John Y. Kim sold 6,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction 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. This represents a 32.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This trade represents a 15.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,381 shares of company stock worth $1,211,079. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ES shares. Bank of America restated a “buy” rating on shares of Eversource Energy in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $71.00 to $78.00 in a report on Tuesday, February 17th. Mizuho raised their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Up 0.5%

ES opened at $73.99 on Thursday. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $76.41. The business has a 50 day moving average price of $70.91 and a two-hundred day moving average price of $69.53. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The company has a market cap of $27.78 billion, a PE ratio of 16.19, a P/E/G ratio of 3.18 and a beta of 0.76.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $1.01 EPS. The company’s revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, research analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 annualized dividend and a yield of 4.3%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio is presently 68.93%.

About Eversource Energy

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.