iSAM Funds UK Ltd Acquires 31,975 Shares of Eversource Energy $ES

iSAM Funds UK Ltd grew its holdings in Eversource Energy (NYSE:ES) by 99.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,276 shares of the utilities provider’s stock after buying an additional 31,975 shares during the quarter. Eversource Energy makes up 0.9% of iSAM Funds UK Ltd’s portfolio, making the stock its 13th largest position. iSAM Funds UK Ltd’s holdings in Eversource Energy were worth $4,573,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Eversource Energy by 7.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock valued at $26,673,000 after purchasing an additional 30,641 shares during the period. Alps Advisors Inc. raised its holdings in Eversource Energy by 5.4% in the third quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock worth $27,521,000 after purchasing an additional 19,795 shares during the period. Vanguard Group Inc. boosted its position in shares of Eversource Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock worth $2,904,422,000 after purchasing an additional 691,165 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Eversource Energy by 31.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock valued at $2,506,000 after buying an additional 9,350 shares during the period. Finally, Synergy Asset Management LLC grew its holdings in shares of Eversource Energy by 287.7% in the 3rd quarter. Synergy Asset Management LLC now owns 160,322 shares of the utilities provider’s stock valued at $10,783,000 after buying an additional 118,971 shares during the period. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Down 0.2%

ES opened at $73.05 on Friday. The stock has a market capitalization of $27.43 billion, a P/E ratio of 15.98, a P/E/G ratio of 3.17 and a beta of 0.76. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41. The firm’s fifty day simple moving average is $71.12 and its 200 day simple moving average is $69.62. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

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

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s payout ratio is currently 68.93%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $71.00 to $78.00 in a research note on Tuesday, February 17th. Scotiabank decreased their target price on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. BMO Capital Markets increased their price target on Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating 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 price target on the stock in a research report on Monday, November 24th. Finally, Mizuho lifted their price objective on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.30.

Insider Buying and Selling

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the sale, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the sale, the insider directly owned 12,339 shares in the company, valued at approximately $907,780.23. This represents a 32.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,381 shares of company stock worth $1,211,079. 0.41% of the stock is owned by corporate insiders.

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.