Savant Capital LLC Has $741,000 Position in Eversource Energy $ES

Savant Capital LLC lowered its stake in shares of Eversource Energy (NYSE:ES) by 69.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,007 shares of the utilities provider’s stock after selling 25,361 shares during the period. Savant Capital LLC’s holdings in Eversource Energy were worth $741,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Eversource Energy by 1.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after purchasing an additional 142 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Eversource Energy by 1.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 160 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Eversource Energy by 4.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock valued at $259,000 after purchasing an additional 169 shares during the last quarter. Exencial Wealth Advisors LLC lifted its stake in shares of Eversource Energy by 5.7% in the 4th quarter. Exencial Wealth Advisors LLC now owns 3,458 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 185 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Eversource Energy by 0.8% in the 3rd quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock valued at $1,686,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Performance

NYSE:ES opened at $68.48 on Wednesday. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. The firm’s fifty day simple moving average is $68.64 and its 200 day simple moving average is $69.38. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $25.75 billion, a PE ratio of 14.63, a PEG ratio of 4.41 and a beta of 0.71.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the business posted $1.50 EPS. Eversource Energy’s 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, sell-side analysts anticipate that Eversource Energy will post 4.65 EPS for the current 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 $0.7875 dividend. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

Analysts Set New Price Targets

Several research firms recently issued reports on ES. Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Argus raised shares of Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. Mizuho reduced their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Bank of America reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.70.

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.