iA Global Asset Management Inc. Invests $1.98 Million in Eversource Energy $ES

iA Global Asset Management Inc. purchased a new position in shares of Eversource Energy (NYSE:ES) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,384 shares of the utilities provider’s stock, valued at approximately $1,978,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ES. Empowered Funds LLC raised its holdings in Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after buying an additional 1,319 shares during the period. Woodline Partners LP raised its holdings 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 during the period. Acadian Asset Management LLC raised its holdings 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 during the period. Schnieders Capital Management LLC. raised its holdings in Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after buying an additional 27,332 shares during the period. Finally, Brown Advisory Inc. raised its holdings in Eversource Energy by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock valued at $505,000 after buying an additional 349 shares during the period. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 1.4%

ES stock opened at $68.09 on Tuesday. The company’s 50 day moving average price is $69.43 and its 200 day moving average price is $69.67. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41. The firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 4.45 and a beta of 0.74.

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

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, May 18th. Eversource Energy’s dividend payout ratio is presently 67.31%.

Wall Street Analyst Weigh In

ES has been the topic of several research analyst reports. Scotiabank reduced their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Bank of America restated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Wells Fargo & Company boosted their price objective on shares of Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $71.70.

Insider Buying and Selling

In related news, insider John Y. Kim sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the transaction, the executive vice president directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,381 shares of company stock worth $1,211,079. Company insiders own 0.18% of the company’s stock.

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.