Wedge Capital Management L L P NC Trims Stake in Eversource Energy $ES

Wedge Capital Management L L P NC cut its position in shares of Eversource Energy (NYSE:ES) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,383 shares of the utilities provider’s stock after selling 14,804 shares during the period. Wedge Capital Management L L P NC’s holdings in Eversource Energy were worth $7,365,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Eversource Energy in the 2nd quarter worth about $274,744,000. Lazard Asset Management LLC boosted its position in shares of Eversource Energy by 43,905.7% during the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock valued at $171,309,000 after buying an additional 2,686,588 shares during the period. AQR Capital Management LLC grew its stake in shares of Eversource Energy by 412.7% during the third quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider’s stock valued at $127,133,000 after buying an additional 1,449,388 shares during the last quarter. LSV Asset Management raised its holdings in shares of Eversource Energy by 331.5% in the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock worth $111,446,000 after buying an additional 1,203,563 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Eversource Energy by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after buying an additional 1,161,708 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Down 0.6%

Shares of NYSE ES opened at $67.53 on Friday. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.93 and a beta of 0.76. The stock has a 50 day moving average price of $71.32 and a 200 day moving average price of $70.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 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 company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $1.01 EPS. Eversource Energy’s quarterly 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. Sell-side analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid 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 4.7%. The ex-dividend date is Thursday, March 5th. Eversource Energy’s payout ratio is 68.93%.

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

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of the firm’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 transaction, the executive vice president owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $441,420.00. Following the completion of the sale, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. This represents a 32.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,381 shares of company stock worth $1,211,079 over the last three months. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group dropped their price objective on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday. Bank of America reduced their target price on Eversource Energy from $82.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $71.00 to $78.00 in a research report on Tuesday, February 17th. BMO Capital Markets lowered their target price on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, March 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $72.30.

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.