Sei Investments Co. Has $31.88 Million Holdings in Eversource Energy $ES

Sei Investments Co. increased its position in shares of Eversource Energy (NYSE:ES) by 46.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,195 shares of the utilities provider’s stock after acquiring an additional 146,135 shares during the quarter. Sei Investments Co.’s holdings in Eversource Energy were worth $31,880,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Empowered Funds LLC grew its position 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 purchasing an additional 1,319 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after purchasing an additional 8,984 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Eversource Energy by 115.1% in the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 801 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Eversource Energy by 87.9% in the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after buying an additional 27,332 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Eversource Energy by 4.6% in the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after buying an additional 349 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ES. Capital One Financial set a $73.00 price target on Eversource Energy in a research report on Wednesday, July 1st. Citigroup restated a “neutral” rating and set a $81.00 price objective on shares of Eversource Energy in a research report on Monday. Scotiabank lowered their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Bank of America reiterated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $72.58.

Eversource Energy Trading Down 0.3%

Eversource Energy stock opened at $74.67 on Tuesday. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The stock has a market cap of $28.08 billion, a P/E ratio of 15.96, a P/E/G ratio of 4.95 and a beta of 0.70. The company’s fifty day simple moving average is $71.47 and its 200-day simple moving average is $70.59.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.Eversource Energy’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 4.66 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were paid a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

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.