Synergy Asset Management LLC Cuts Holdings in Eversource Energy $ES

Synergy Asset Management LLC lowered its stake in Eversource Energy (NYSE:ES) by 96.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,708 shares of the utilities provider’s stock after selling 154,614 shares during the quarter. Synergy Asset Management LLC’s holdings in Eversource Energy were worth $384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in shares of Eversource Energy during the third quarter worth approximately $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Eversource Energy in the third quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC purchased a new position in Eversource Energy in the second quarter worth approximately $31,000. Johnson Financial Group Inc. lifted its stake in Eversource Energy by 73.5% in the third quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 197 shares during the last quarter. Finally, BOKF NA grew its holdings in Eversource Energy by 23,700.0% during the 3rd quarter. BOKF NA now owns 476 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.6%

ES stock opened at $67.53 on Friday. 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 has a twelve month low of $52.28 and a twelve month high of $76.41. The company’s 50 day moving average is $71.32 and its two-hundred day moving average is $69.99. The stock has a market cap of $25.36 billion, a P/E ratio of 14.78, a PEG ratio of 2.94 and a beta of 0.76.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The business had revenue of $3.37 billion during 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 company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.7%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s dividend payout ratio is presently 68.93%.

Insider Buying and Selling at Eversource Energy

In other news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Y. Kim sold 6,000 shares of the business’s 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 of the company’s stock, valued at $907,780.23. The trade was a 32.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,381 shares of company stock worth $1,211,079 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy News Summary

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: Argus upgraded Eversource, which supports investor confidence and suggests upside vs. recent weakness. Eversource Energy Upgraded at Argus
• Neutral Sentiment: Bank of America cut its price target (from $82 to $73) but kept a “buy” rating, signaling view that the shares still have upside despite the regulatory headwinds. Benzinga: Bank of America coverage
• Negative Sentiment: Regulatory ruling: 24/7 Wall St. reports FERC’s ROE reset creates refund risk for utilities, a primary driver of the recent pullback in Eversource shares as investors price in potential rate adjustments and earnings pressure. Eversource Takes a Hit as Regulators Reset ROE and Trigger Refund Risk
• Negative Sentiment: UBS lowered its price target to $74 and moved to a “neutral” view, indicating less upside and contributing to selling pressure. Benzinga: UBS coverage
• Negative Sentiment: Mizuho trimmed its target to $70 and shifted to “neutral,” another downgrade that reinforces market caution on ROE/regulatory risk. Benzinga: Mizuho coverage
• Negative Sentiment: BMO reduced its price recommendation (reported by InsiderMonkey), citing the ROE ruling as the rationale—adding to the chorus of analyst cuts pressuring the stock. Eversource Energy (ES) Price Target Reduced by BMO Capital on ROE Ruling

Analyst Upgrades and Downgrades

A number of brokerages have commented on ES. Argus raised shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday. Bank of America lowered their target price on shares of Eversource Energy from $82.00 to $73.00 and set a “buy” rating for the company in a research note on Friday. UBS Group dropped their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets cut their price target on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, March 23rd. Finally, Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.30.

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.