Intech Investment Management LLC Sells 53,137 Shares of Eversource Energy $ES

Intech Investment Management LLC cut its position in Eversource Energy (NYSE:ES) by 76.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,800 shares of the utilities provider’s stock after selling 53,137 shares during the quarter. Intech Investment Management LLC’s holdings in Eversource Energy were worth $1,131,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC bought a new position in Eversource Energy in the fourth quarter worth about $25,000. Activest Wealth Management raised its holdings in Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares in the last quarter. TFC Financial Management Inc. raised its holdings in Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in Eversource Energy in the fourth quarter worth about $29,000. Finally, Key Capital Management INC bought a new position in Eversource Energy in the fourth quarter worth about $29,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Price Performance

Shares of ES stock opened at $70.56 on Friday. 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 $26.54 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 4.68 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The stock’s 50-day simple moving average is $68.81 and its 200-day simple moving average is $69.29.

Eversource Energy (NYSE:ES) last issued its quarterly 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 return on equity of 11.59% and a net margin of 12.55%.The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts forecast that Eversource Energy will post 4.65 earnings per share 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 issued a dividend of $0.7875 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.5%. Eversource Energy’s payout ratio is 67.31%.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy 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 owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ES has been the subject of a number of recent research reports. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. BMO Capital Markets reduced their target price on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a report on Monday, May 11th. Mizuho reduced their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Finally, Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.70.

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.