M&G PLC Sells 88,260 Shares of Eversource Energy $ES

M&G PLC decreased its stake in shares of Eversource Energy (NYSE:ESFree Report) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 974,984 shares of the utilities provider’s stock after selling 88,260 shares during the quarter. M&G PLC owned 0.26% of Eversource Energy worth $69,224,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ES. Neo Ivy Capital Management acquired a new position in Eversource Energy in the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Eversource Energy in the third quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eversource Energy in the third quarter worth $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Eversource Energy during the second quarter worth $31,000. Finally, Anchor Investment Management LLC increased its holdings in Eversource Energy by 122.0% in the 2nd quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock valued at $35,000 after buying an additional 300 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

ES has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Bank of America raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $73.00 to $85.00 in a research report on Tuesday, October 21st. JPMorgan Chase & Co. cut their price target on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Mizuho reiterated a “neutral” rating and issued a $68.00 price objective (down from $81.00) on shares of Eversource Energy in a research note on Thursday, November 20th. Finally, Scotiabank dropped their target price on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $71.50.

View Our Latest Analysis on Eversource Energy

Eversource Energy Stock Up 4.3%

NYSE ES opened at $73.37 on Monday. The stock’s 50 day simple moving average is $68.45 and its 200 day simple moving average is $68.48. Eversource Energy has a one year low of $52.28 and a one year high of $75.25. The firm has a market cap of $27.53 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 3.16 and a beta of 0.77. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64.

Eversource Energy (NYSE:ESGet Free Report) last announced its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a return on equity of 11.27% and a net margin of 12.49%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. The ex-dividend date is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is currently 65.86%.

Eversource Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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