Eversource Energy $ES Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in shares of Eversource Energy (NYSE:ES) by 28.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 57,246 shares of the utilities provider’s stock after acquiring an additional 12,512 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Eversource Energy were worth $4,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Asset Strategies Inc. grew its stake in shares of Eversource Energy by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after purchasing an additional 138 shares during the last quarter. Mystic Asset Management Inc. grew its position in Eversource Energy by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after buying an additional 150 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Eversource Energy by 3.3% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock valued at $360,000 after buying an additional 162 shares during the period. Fifth Third Bancorp raised its position in Eversource Energy by 0.8% during the 3rd quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock worth $1,686,000 after buying an additional 186 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its stake in shares of Eversource Energy by 4.2% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 4,711 shares of the utilities provider’s stock worth $335,000 after acquiring an additional 190 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 0.4%

Shares of ES stock opened at $74.69 on Wednesday. The stock has a market cap of $28.05 billion, a P/E ratio of 16.34, a P/E/G ratio of 3.22 and a beta of 0.76. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $76.41. The business has a fifty day simple moving average of $70.08 and a 200-day simple moving average of $69.19.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given a dividend of $0.7875 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 65.86%.

Wall Street Analyst Weigh In

ES has been the subject of several analyst reports. UBS Group cut their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. BMO Capital Markets raised their price target on Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a report on Monday, November 24th. Finally, Bank of America reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Monday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.90.

Insider Buying and Selling at Eversource Energy

In related news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the sale, the insider owned 12,339 shares in the company, valued at approximately $907,780.23. This trade represents a 32.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction 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. The trade was a 15.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 16,381 shares of company stock worth $1,211,079. 0.19% of the stock is owned by insiders.

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.