Ontario Teachers Pension Plan Board Takes $892,000 Position in Eversource Energy $ES

Ontario Teachers Pension Plan Board acquired a new position in Eversource Energy (NYSE:ES) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,532 shares of the utilities provider’s stock, valued at approximately $892,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ES. Vanguard Group Inc. grew its position in shares of Eversource Energy by 2.5% during the 3rd 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. State Street Corp boosted its stake in Eversource Energy by 1.7% in the second 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 Eversource Energy by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 9,273,415 shares of the utilities provider’s stock worth $587,449,000 after acquiring an additional 211,962 shares during the period. Magellan Asset Management Ltd raised its position in shares of Eversource Energy by 1.1% during the 2nd quarter. Magellan Asset Management Ltd now owns 6,952,127 shares of the utilities provider’s stock valued at $442,294,000 after acquiring an additional 75,784 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Eversource Energy during the 2nd quarter valued at $274,744,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Up 2.7%

Shares of ES stock opened at $73.66 on Friday. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $75.25. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The firm has a fifty day moving average of $68.89 and a 200-day moving average of $68.64. The company has a market capitalization of $27.66 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 3.08 and a beta of 0.77.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal 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 issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. Eversource Energy’s dividend payout ratio is 65.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $71.00 to $78.00 in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Scotiabank reduced their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. BMO Capital Markets upped their target price on shares of Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Mizuho lifted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $73.90.

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.