Eversource Energy $ES Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in Eversource Energy (NYSE:ES) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,900,662 shares of the utilities provider’s stock after purchasing an additional 505,489 shares during the period. Victory Capital Management Inc. owned approximately 1.57% of Eversource Energy worth $419,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Eversource Energy by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock valued at $3,330,374,000 after buying an additional 1,161,708 shares in the last quarter. State Street Corp boosted its position in shares of Eversource Energy by 1.7% during the 2nd quarter. State Street Corp now owns 27,343,038 shares of the utilities provider’s stock valued at $1,739,564,000 after acquiring an additional 465,822 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Eversource Energy by 2.3% in the second quarter. Geode Capital Management LLC now owns 9,273,415 shares of the utilities provider’s stock valued at $587,449,000 after purchasing an additional 211,962 shares during the period. Magellan Asset Management Ltd grew its holdings in shares of Eversource Energy by 6.5% in the third quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock valued at $526,919,000 after purchasing an additional 454,658 shares during the period. Finally, Norges Bank acquired a new stake in Eversource Energy during the second quarter worth about $274,744,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the transaction, the insider owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Y. Kim sold 6,000 shares of the business’s stock in a transaction on 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 transaction, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. This trade represents a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 16,381 shares of company stock worth $1,211,079. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ES shares. Bank of America restated a “buy” rating on shares of Eversource Energy in a report on Monday. Scotiabank lowered their price objective on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Thursday, November 20th. JPMorgan Chase & Co. cut their target price on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Mizuho upped their price target on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, UBS Group lowered their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Trading Down 2.5%

Shares of NYSE ES opened at $74.32 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $27.91 billion, a PE ratio of 16.26, a PEG ratio of 3.29 and a beta of 0.76. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $76.41. The stock has a fifty day simple moving average of $69.91 and a 200-day simple moving average of $69.12.

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

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a $0.7875 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. Eversource Energy’s payout ratio is 65.86%.

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.