Swiss National Bank Purchases 84,200 Shares of Eversource Energy $ES

Swiss National Bank grew its holdings in Eversource Energy (NYSE:ES) by 8.3% during the 1st quarter, HoldingsChannel reports. The firm owned 1,101,133 shares of the utilities provider’s stock after acquiring an additional 84,200 shares during the quarter. Swiss National Bank’s holdings in Eversource Energy were worth $76,286,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ES. Empowered Funds LLC lifted its position in shares of Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares during the last quarter. Woodline Partners LP grew 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 last quarter. Acadian Asset Management LLC grew 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 last quarter. Schnieders Capital Management LLC. increased its position 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 worth $3,718,000 after buying an additional 27,332 shares during the period. Finally, Brown Advisory Inc. increased its position in Eversource Energy by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after buying an additional 349 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ES has been the subject of several research reports. Scotiabank reduced their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Bank of America reaffirmed a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd. Mizuho cut their target price 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. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Eversource Energy in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.91.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $72.95 on Wednesday. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. The firm has a market capitalization of $27.44 billion, a PE ratio of 15.59, a PEG ratio of 4.90 and a beta of 0.70. The business’s 50 day moving average is $70.94 and its 200-day moving average is $70.39. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.Eversource Energy’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts predict that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s payout ratio is 67.31%.

About Eversource Energy

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.