Russell Investments Group Ltd. Has $75.46 Million Position in Eversource Energy $ES

Russell Investments Group Ltd. increased its holdings in Eversource Energy (NYSE:ES) by 87.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,060,902 shares of the utilities provider’s stock after purchasing an additional 494,158 shares during the period. Russell Investments Group Ltd.’s holdings in Eversource Energy were worth $75,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after buying an additional 1,319 shares in the last quarter. Woodline Partners LP boosted its stake in Eversource Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Eversource Energy by 115.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after buying an additional 801 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Eversource Energy by 87.9% in the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after acquiring an additional 27,332 shares during the period. Finally, Savant Capital LLC raised its stake in Eversource Energy by 13.9% during the second quarter. Savant Capital LLC now owns 13,869 shares of the utilities provider’s stock worth $882,000 after acquiring an additional 1,692 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In related news, EVP John M. Moreira sold 7,800 shares of Eversource Energy 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 directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,381 shares of company stock worth $1,211,079 in the last quarter. 0.19% of the stock is owned by company insiders.

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $73.62 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a 50 day simple moving average of $70.78 and a 200 day simple moving average of $69.50. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $76.41. The firm has a market cap of $27.64 billion, a P/E ratio of 16.11, a P/E/G ratio of 3.19 and a beta of 0.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Sell-side analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on ES shares. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Monday, November 24th. BMO Capital Markets upped their target price on shares of Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. 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 report on Friday, December 12th. UBS Group reduced their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $71.00 to $78.00 in a research note on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.90.

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.