Genus Capital Management Inc. Sells 9,100 Shares of Eversource Energy $ES

Genus Capital Management Inc. decreased its position in Eversource Energy (NYSE:ES) by 27.5% during the fourth quarter, Holdings Channel reports. The fund owned 24,000 shares of the utilities provider’s stock after selling 9,100 shares during the period. Genus Capital Management Inc.’s holdings in Eversource Energy were worth $1,616,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ES. Lodestone Wealth Management LLC bought a new position in Eversource Energy in the fourth quarter valued at about $25,000. Root Financial Partners LLC bought a new position in Eversource Energy in the third quarter valued at about $26,000. Activest Wealth Management lifted 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 valued at $26,000 after acquiring an additional 374 shares during the period. TFC Financial Management Inc. lifted 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 valued at $28,000 after acquiring an additional 400 shares during the period. Finally, Key Capital Management INC bought a new position in Eversource Energy in the fourth quarter valued at about $29,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.0%

NYSE ES opened at $70.02 on Monday. The stock’s 50-day moving average price is $69.05 and its 200-day moving average price is $69.54. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.41. The company has a market capitalization of $26.33 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 4.64 and a beta of 0.74.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts predict that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) is currently 67.31%.

Insider Activity

In related news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ES. Scotiabank lowered their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Mizuho lowered their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Bank of America reissued a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. BMO Capital Markets decreased their price objective on Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Finally, Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. One equities research 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, Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $71.70.

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.