Eversource Energy $ES Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in Eversource Energy (NYSE:ES) by 43.5% in the third quarter, Holdings Channel.com reports. The firm owned 1,649,209 shares of the utilities provider’s stock after acquiring an additional 499,666 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Eversource Energy were worth $105,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC acquired a new position in Eversource Energy during the 3rd quarter worth approximately $241,000. Revisor Wealth Management LLC raised its stake in shares of Eversource Energy by 1.4% during the 3rd quarter. Revisor Wealth Management LLC now owns 12,020 shares of the utilities provider’s stock worth $792,000 after buying an additional 169 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Eversource Energy by 10.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 71,496 shares of the utilities provider’s stock valued at $4,587,000 after buying an additional 6,534 shares during the period. Kaufman Rossin Wealth LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $202,000. Finally, IFP Advisors Inc lifted its holdings in shares of Eversource Energy by 9.2% in the 3rd quarter. IFP Advisors Inc now owns 14,160 shares of the utilities provider’s stock valued at $909,000 after buying an additional 1,188 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE ES opened at $65.59 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The company’s 50-day moving average price is $68.05 and its 200 day moving average price is $69.76. Eversource Energy has a 52 week low of $62.72 and a 52 week high of $76.57. The stock has a market cap of $24.70 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 2.85 and a beta of 0.67.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts forecast that Eversource Energy will post 4.63 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $0.7875 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.15 annualized dividend and a dividend yield of 4.8%. Eversource Energy’s dividend payout ratio is currently 81.61%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a report on Monday. Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Wells Fargo & Company raised their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Citigroup restated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Finally, Mizuho upped their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.20.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.